Midnight Pearls 3

Friday, May 28, 2010

The Varner Group

So I recently discovered that Cubus was bought in the 80s by "The Varner Group" aka Varner-Gruppen. Who are they and what do they own.

Thanks to my "trusted" friend Wiki - I was able to learn that The Varner Group is "the largest actor in the textile retailing trade in Norway." They own Bik Bok, Carlings, Cubus, Dressmann, Solo, Urban, Vivikes, Wearhouse, and WOW. The group has more than 1,100 stores located throughout Scandinavia, the Batlic Countries, Germany, and Poland. All of the stores are operated without franchising...I'm no business major, but I understand that to mean the Varner family is doing ok! (Net of $7 million!)

The Varner Group is like the Gap. The Gap Company owns Gap, Baby Gap, Banana Republic, Old Navy, Piperlime, and Athleta. Another example would be Williams-Sonoma, Inc. They own all Williams-Sonoma, Pottery Barn, PBTeen, and Pottery Barn kids stores.

Bottom line, The Varner Group is making bank.

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