Economy

Taco Bell seeks to cancel smaller rivals’ ‘Taco Tuesday’ trademarks

YUM Brands, Inc.’s Taco Bell Corp. on Tuesday asked the US Trademark Office to cancel two smaller rivals’ “Taco Tuesday” trademarks in what the largest Mexican fast-food chain in the US called a bid to “liberate the phrase for restaurants nationwide.”

Taco Bell’s petitions said the trademarks, owned by Gregory’s Restaurant & Bar in New Jersey and Wyoming-based Taco John’s in the rest of the country, wrongly monopolize the use of the phrase in the restaurant industry.

“Nobody should have exclusive rights in a common phrase,” the petitions said. “Can you imagine if we weren’t allowed to say ‘what’s up’ or ‘brunch’? Chaos.”

The company said in a statement that it was not requesting money damages or its own “Taco Tuesday” trademark, but “simply seeks common sense for usage of a common term.”

Gregory’s Restaurant & Bar co-owner Gregory Gregory told Reuters the Somers Point, New Jersey, restaurant came up with “Taco Tuesday” in 1979 and has been using it to sell “hundreds of thousands, if not millions” of tacos since.

“We’re the little guy here,” and larger companies have tried to “steamroll us because we came up with a good idea,” Mr. Gregory said. The company has had its federal trademark since 1995.

Taco John’s has owned its “Taco Tuesday” trademark registration since 1989.

“When a big, bad bully threatens to take away the mark our forefathers originated so many decades ago, well, that just rings hollow to us,” Taco John’s CEO Jim Creel said in a statement.

Taco Bell said both marks should be canceled because the phrase is generic and does not identify a specific source of goods.

The US Trademark Office in 2019 denied basketball legend LeBron James’ application for a “Taco Tuesday” trademark covering podcasting, social media advertising and other fields, finding in part that it is a “commonplace term.”

The office last year cited similar reasons for rejecting a brewery’s bid for a federal “Taco Tuesday” mark covering beer. — Reuters

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top