Mar 20 • 09:22 UTC 🇫🇮 Finland Iltalehti

We got our hands on the documents: Gigantti has initiated something secret and serious against the merchant who defected to Power

Gigantti has commenced legal proceedings against Mikko Nguyen, a former franchisee who is moving his stores to rival chain Power, amid concerns over franchise agreement confidentiality.

A serious dispute is brewing in Finland's home appliance and small electronics market, where Gigantti has taken legal action against Mikko Nguyen, a prominent franchisee who has announced the transition of six Gigantti stores to rival retailer Power. Nguyen, who was formerly recognized as Gigantti's Franchisee of the Year, has become a focal point of contention due to the franchise agreements involved in this transition. The situation highlights the competitive tensions in the market, as Nguyen's switch could impact Gigantti's market share significantly.

Gigantti has hired two lawyers to oversee the legal proceedings, which center around allegations concerning the franchise agreements between Nguyen and Gigantti. The company aims to prevent Nguyen from publicly discussing these agreements, arguing that such disclosures would undermine its competitive advantage by revealing sensitive business secrets. In filings to the eastern Uusimaa district court, Gigantti asserts that making the franchise agreements public would provide undue competitive leverage to its rivals and potentially harm its business and third parties.

The urgency of Gigantti's actions reflects the high stakes involved, as the company seeks an expedited hearing on the matter. The outcome of this case could set a precedent in how franchise agreements are handled within the industry, particularly regarding confidentiality and competitive risks. As both parties prepare for this legal battle, the implications for the home appliance market in Finland remain significant, potentially reshaping the competitive landscape.

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