Dominion Lending Centres Clearlease Reports Target and Fairweather fail to reach settlement over Target name in Canada

Dominion Lending Centres Clearlease Reports Target and Fairweather fail to reach settlement over Target name in Canada

VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports U.S. retailer Target Corp. and Canada’s Fairweather Ltd. have failed to reach a settlement in a legal dispute over who has the right to use the Target name in Canada, after meeting in a mediation session in Federal Court Thursday June 2, 2011.

Justice Roger Hughes filed documents Thursday after meeting with both parties together and separately, saying that no settlement could be reached and no arrangements have been made for the two sides to meet again.

Neither retailer is commenting on the case. A lawyer for Target Corp. confirmed the two were in mediation Thursday morning, but declined further comment because the case is before the courts.

Target has requested an injunction to block the company that owns the Fairweather womenswear chain from using the name “Target Apparel” in its stores.

Clothing chain Fairweather Ltd. filed a lawsuit in January seeking up to $250 million in damages from Target, for trademark infringement.

The case is scheduled to go to trial in 2012.

Toronto-based Fairweather has owned the Canadian rights to the name for 10 years, when it bought assets from now-defunct Dylex Ltd.

Dylex, a Canadian company that once numerous retail chains, registered the “Target Apparel” name in 1981. Dylex was eventually split up.

Depending on the outcome of the trial, the American chain may have to choose between using a different name in Canada, or buying the Canadian rights.

The flashy American retailer, which is known for designer fashion collaborations at discount chain prices, has plans to open its first Canadian stores in 2013.

Fairweather has been operating a Toronto clothing store under the name “Target Apparel” since 2005 and in the last few months started opening new stores across Canada with the name.

It temporarily lost ownership of the Target trademark in 2005 after the U.S. retailer moved to have it cancelled. Industry Canada said the trade mark was expunged, but the Federal Court of Appeal later ruled Fairweather’s ownership should be reactivated.

Fairweather claims the American retailer’s entry into Canada would lead to a loss of customers, the devaluation of the Target Apparel name, and loss of control over its trademark and reputation.

It wants the court to declare that it has the sole right to use the “Target Apparel” name in Canada, and to prevent the U.S. retailer from using the name on any clothing labels or retail stores north of the border.

Fairweather said it also wants American Target to transfer ownership of the website targetapparel.com, which currently redirects to the U.S. chain’s website.

Fairweather also owns discount menswear chain International Clothiers and department stores Les Ailes De La Mode in Quebec. It is not clear whether the company has plans to open more locations or convert more current stores to the Target Apparel name.

Meanwhile, Target is moving ahead with its Canadian expansion plans. Last week, it unveiled the first 105 Zellers locations that it plans to take over. It has the right to select another 115 locations when it makes a second payment in the third quarter.

The U.S. retail giant announced in January it would spend $1.83 billion to take over the leases of as many as 220 Zellers stores from the Hudson Bay Trading Co. It recently doubled its renovation budget from about $1 billion to as much as $2.3 billion to convert Zellers stores to its brand and integrate them into its retail network.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Target and Fairweather fail to reach settlement over Target name in Canada

VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports U.S. retailer Target Corp. and Canada’s Fairweather Ltd. have failed to reach a settlement in a legal dispute over who has the right to use the Target name in Canada, after meeting in a mediation session in Federal Court Thursday June 2, 2011.

Justice Roger Hughes filed documents Thursday after meeting with both parties together and separately, saying that no settlement could be reached and no arrangements have been made for the two sides to meet again.

Neither retailer is commenting on the case. A lawyer for Target Corp. confirmed the two were in mediation Thursday morning, but declined further comment because the case is before the courts.

Target has requested an injunction to block the company that owns the Fairweather womenswear chain from using the name “Target Apparel” in its stores.

Clothing chain Fairweather Ltd. filed a lawsuit in January seeking up to $250 million in damages from Target, for trademark infringement.

The case is scheduled to go to trial in 2012.

Toronto-based Fairweather has owned the Canadian rights to the name for 10 years, when it bought assets from now-defunct Dylex Ltd.

Dylex, a Canadian company that once numerous retail chains, registered the “Target Apparel” name in 1981. Dylex was eventually split up.

Depending on the outcome of the trial, the American chain may have to choose between using a different name in Canada, or buying the Canadian rights.

The flashy American retailer, which is known for designer fashion collaborations at discount chain prices, has plans to open its first Canadian stores in 2013.

Fairweather has been operating a Toronto clothing store under the name “Target Apparel” since 2005 and in the last few months started opening new stores across Canada with the name.

It temporarily lost ownership of the Target trademark in 2005 after the U.S. retailer moved to have it cancelled. Industry Canada said the trade mark was expunged, but the Federal Court of Appeal later ruled Fairweather’s ownership should be reactivated.

Fairweather claims the American retailer’s entry into Canada would lead to a loss of customers, the devaluation of the Target Apparel name, and loss of control over its trademark and reputation.

It wants the court to declare that it has the sole right to use the “Target Apparel” name in Canada, and to prevent the U.S. retailer from using the name on any clothing labels or retail stores north of the border.

Fairweather said it also wants American Target to transfer ownership of the website targetapparel.com, which currently redirects to the U.S. chain’s website.

Fairweather also owns discount menswear chain International Clothiers and department stores Les Ailes De La Mode in Quebec. It is not clear whether the company has plans to open more locations or convert more current stores to the Target Apparel name.

Meanwhile, Target is moving ahead with its Canadian expansion plans. Last week, it unveiled the first 105 Zellers locations that it plans to take over. It has the right to select another 115 locations when it makes a second payment in the third quarter.

The U.S. retail giant announced in January it would spend $1.83 billion to take over the leases of as many as 220 Zellers stores from the Hudson Bay Trading Co. It recently doubled its renovation budget from about $1 billion to as much as $2.3 billion to convert Zellers stores to its brand and integrate them into its retail network.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Target and Fairweather fail to reach settlement over Target name in Canada

VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports U.S. retailer Target Corp. and Canada’s Fairweather Ltd. have failed to reach a settlement in a legal dispute over who has the right to use the Target name in Canada, after meeting in a mediation session in Federal Court Thursday June 2, 2011.

Justice Roger Hughes filed documents Thursday after meeting with both parties together and separately, saying that no settlement could be reached and no arrangements have been made for the two sides to meet again.

Neither retailer is commenting on the case. A lawyer for Target Corp. confirmed the two were in mediation Thursday morning, but declined further comment because the case is before the courts.

Target has requested an injunction to block the company that owns the Fairweather womenswear chain from using the name “Target Apparel” in its stores.

Clothing chain Fairweather Ltd. filed a lawsuit in January seeking up to $250 million in damages from Target, for trademark infringement.

The case is scheduled to go to trial in 2012.

Toronto-based Fairweather has owned the Canadian rights to the name for 10 years, when it bought assets from now-defunct Dylex Ltd.

Dylex, a Canadian company that once numerous retail chains, registered the “Target Apparel” name in 1981. Dylex was eventually split up.

Depending on the outcome of the trial, the American chain may have to choose between using a different name in Canada, or buying the Canadian rights.

The flashy American retailer, which is known for designer fashion collaborations at discount chain prices, has plans to open its first Canadian stores in 2013.

Fairweather has been operating a Toronto clothing store under the name “Target Apparel” since 2005 and in the last few months started opening new stores across Canada with the name.

It temporarily lost ownership of the Target trademark in 2005 after the U.S. retailer moved to have it cancelled. Industry Canada said the trade mark was expunged, but the Federal Court of Appeal later ruled Fairweather’s ownership should be reactivated.

Fairweather claims the American retailer’s entry into Canada would lead to a loss of customers, the devaluation of the Target Apparel name, and loss of control over its trademark and reputation.

It wants the court to declare that it has the sole right to use the “Target Apparel” name in Canada, and to prevent the U.S. retailer from using the name on any clothing labels or retail stores north of the border.

Fairweather said it also wants American Target to transfer ownership of the website targetapparel.com, which currently redirects to the U.S. chain’s website.

Fairweather also owns discount menswear chain International Clothiers and department stores Les Ailes De La Mode in Quebec. It is not clear whether the company has plans to open more locations or convert more current stores to the Target Apparel name.

Meanwhile, Target is moving ahead with its Canadian expansion plans. Last week, it unveiled the first 105 Zellers locations that it plans to take over. It has the right to select another 115 locations when it makes a second payment in the third quarter.

The U.S. retail giant announced in January it would spend $1.83 billion to take over the leases of as many as 220 Zellers stores from the Hudson Bay Trading Co. It recently doubled its renovation budget from about $1 billion to as much as $2.3 billion to convert Zellers stores to its brand and integrate them into its retail network.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk




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