Retail Observer

March 2015

The Retail Observer is an industry leading magazine for INDEPENDENT RETAILERS in Major Appliances, Consumer Electronics and Home Furnishings

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MARCH 2015 RETAILOBSERVER.COM 11 essence, a category of one – the brand of built-in refrigeration, and synonymous with luxury home design. In the 1990s, as designers asked for products to help them break from conventional kitchen layouts, Sub-Zero introduced integrated refrigeration — refrigerator and freezer drawers and cabinets that could be installed anywhere from a kitchen island to a breakfast nook. It transcended the idea of storing food all in one unit and blended principal and satellite refrigeration units into the décor. Integrated refrigeration helped further cement Sub-Zero's place as the go-to brand for designers and architects. But if the design community and homeowners sat up and took notice of each new development at Sub-Zero, so did the appliance industry. More and more appliance makers were rushing to market with built-ins modeled after Sub-Zero. Growth at Sub-Zero was showing signs of stagnation. There was talk among insiders of selling the company. Enter Jim Bakke. After graduating from college, he had begun his career not with the family business but with Oscar Mayer, learning how that iconic company achieved long-term success. After returning to Sub-Zero, he worked his way up from assembler to customer service rep to regional sales manager to plant manager to national sales manager and eventually to executive vice president. Now, as president and CEO, he saw Sub-Zero's future not in selling the brand outside the family but in a bolder direction: diversifying. He reasoned that if the company could be synonymous with design and performance in one facet of the kitchen, food preservation, then it could do the same in another facet, food preparation. He and his team began the search for an existing brand as renowned for cooking great meals as Sub-Zero was for keeping food fresh. ingful innovations that contribute to the life of the home." Jim Bakke—President and CEO, Sub-Zero

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