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Published July 6, 2021, 7:23 AM The ‘father of luxury retail’ in the Philippines was 100 years old Bienvenido R. Tantoco Sr. has passed away, a member of the family confirmed on the morning of July 6, 2021. The former ambassador to the Vatican, known to many simply as Lolo Benny, was 100 years old. ‘RETAIL THERAPIST’ Lolo Benny, founder of the country’s largest luxury retail group, lived the good life Together with his wife, the late Glecy Rustia Tantoco, Lolo Benny built what has become the Rustan’s Group of Companies from a store based in their house in Manila. Today, Rustan’s is considered to be the largest luxury retail group in the country. His daughter Nedy, currently the chair and CEO of the Rustan’s Group, once described him as “the father of luxury retail in the Philippines” and the country’s original “retail therapist.” Considering how Lolo Benny and his wife Glecy worked hard to build Rustan’s, these descriptions are very apt ....
Published July 6, 2021, 8:22 AM He leaves behind an unmatched legacy Bienvenido R. Tantoco Sr., known as Benny, patriarch of the family behind the Rustan Group of Companies and former ambassador to the Holy See, who celebrated his 100th birthday this year, has passed this morning, July 6, as announced by a member of the family. Lolo Benny leaves behind six children Bienvenido Jr., Nedy, Menchu Lopez, Marilen Tantoco, Merl Pineda, and Tokie Enriquez as well as 21 grandchildren, 40 great grandchildren, and one great-great-grandchild. IN HIS PRIME Benny Tantoco in his younger years at the office Lessons from Benny Although life is never without challenges, to Benny Tantoco, it is always a summery day, bright, clear, and cheerful. Last year, when he found one of his grandchildren, SSI Group president Anton Huang, overwhelmed by pandemic fears, he gave the younger man a gentle slap on the back and said, “Hold your head up high, it’s not World War II!” remi ....