Thursday, July 7, 2016

Europe’s second highest court rejects Food Empire’s application to register ‘MacCoffee’

Food Empire Holdings has announced that Europe’s second highest court, the General Court in Luxembourg, has ruled in favour of McDonald’s to have exclusive rights to the use of ‘Mc’ or ‘Mac’ in trademark names for foodstuff and beverages.

This comes as Food Empire’s wholly owned subsidiary; Future Enterprises mounted a legal challenge against the European Union Intellectual Property Office’s decision to reject its application to register 'MacCoffee' as an EU trademark for foodstuff and beverages.

The group’s legal counsels are currently examining the judgment with a view to appeal, according to the press release dated today.

The group does not expect the decision to have any material impact on the consolidated net tangible assets and earnings per share of the group for the current financial year.

Food Empire last traded at 32 cents.

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