EMCC European Monitoring Centre on Change

Cubus

Company/Organisation:
Cubus

Geographic Location

Country: Poland

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.71 - Retail sale of clothing in specialised stores
Number Employed: 146
Group: Varner

Employment Effects

Announcement Date: 17-09-2019
Planned Job Reductions min: 146
Type of Restructuring: Bankruptcy
Foreseen End Date: 31-10-2019

Additional Information

Clothing retail company Cubus received a court authorisation to the liquidation through bankruptcy proceedings. The decision means that the company closes its 17 stores across the country, resulting in the dismissal of 146 employees by the end of October 2019. The company justifies the liquidation with poor levels of profitability for its activities in Poland.

The company is part of clothing group Varner, which owns 1,100 stores in Norway, Sweden, Finland, Germany and Latvia.

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