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 has become 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 worked hard to build Rustan’s, these descriptions are very apt.

Lolo Benny leaves behind six children—Bienvenido Jr., Nedy, Menchu Lopez, Marilen Tantoco, Merl Pineda, and Tokie Enriquez—21 grandchildren, 40 great grandchildren, and one great-great-grandchild.

Source: Manila Bulletin (