FMIC have their logo on so many products it's obvious the brand name is more important to the owners (Sevrco Pacific) than the guitars. Want a Fender pencil case ? No problem,T-shirt ? Training shoes ? Fridge or fridge magnets ?. Fender decals on non-Fender guitars only reinforces the fact Fender make guitars. Course Fender are $100 million in the red
The American site TB carrys plenty of ads for Squiers bearing Fender logos,given that folk sue at the drop of a hat in the US, if there was a legal issue those ads would be banned.