The owners of Friday’s Soon Come, DIMCAM Ltd. are set to rename their East Bay Street restaurant Caypso, after Supreme Court Justice Lyons ordered them to cease and desist in the use of the name and likeness of TGI Friday’s
In March, DIMCAM became involved in a lawsuit brought by TGI Friday’s Restaurants and its parent company, Carlson Restaurants Worldwide, after Carlson accused the East Bay Street restaurant of breach of trademark.
In an interview with The Tribune Dimitris Kosvogiannis, the franchise and marketing developer for DIMCAM, said the court ruling was expected.
While it dissolves any relationship with Carlson, he added that the ruling clears the way for DIMCAM to sue Prstige Holdings, the Trinidadian-based holder of the Caribbean franchise rights for TGI Friday’s.
DIMCAM is seeking liquidation damages and the placement of an injunction against Prestige preventing them from granting a licence to any other party in the Bahamas until they have satisfied their contract with DIMCAM. Prestige was not a party in the previous lawsuit.
Source: Yolanda Deleveaux, The Tribune
