MINNEAPOLIS – American chain Target Corp. has reached a deal with Fairweather Ltd. under which the Canadian fashion retailer has agreed to stop using the Target name.
Target has declined to disclose details of the agreement.
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However, it says the pact ensures that Fairweather Ltd. and its owner, Isaac Benitah, will cease using the Target name by Jan. 31, 2013.
Benitah operates a group of clothing outlets in Canada under the name Target Apparel.
Target (NYSE:TGT) filed a trademark infringement claim against Toronto-based Fairweather in 2010.
Fairweather shot back with its own $250-million counterclaim and its own injunction in an effort to block Target from selling clothing in Canada once the American chain begins operations in this country.
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