On a surface area of some 10,000 square meters leased in fall 2020, Farmacia Tei will also have a medical drug warehouse, alongside a new drugstore.
The area in northern Bucharest where the Tei brand is expanded is an office space area that also developed on the residential segment.
“A new Farmacia Tei drugstore will soon be inaugurated”, the company said in a statement released on social media.
In April 2022, Paval Holding, founded by Dragos & Adrian Paval brothers who established do-it-yourself (DIY) retailer Dedeman, acquired a 30% stake in Tei Group made up of Farmacia Tei and Bebe Tei pharmacies. The two parties did not disclose the value of the deal, but it is estimated by Ziarul Financiar (ZF) daily at EUR70-90 million based on existing data.
Farmacia Tei had a turnover of RON867 million in 2021, up 15% from 2020, as per ZF calculations, and its profit neared RON40 million, up 40% from 2020. The company has some 600 employees.
Established in 1992, Farmacia Tei specializes in the retail sale of pharmaceutical products, being a benchmark in this field due to its customer-oriented business model. The product policy, the consultancy offered to the clients, as well as the extension in new locations, helped the Tei brand to achieve a position that allowed the development of one of the most famous pharmacies in Romania.
Bebe Tei was initiated in 2011 as an innovation of Farmacia Tei, operating as a separate entity since 2014. Bebe Tei’s mission since its opening has been to bring parents an original concept of stores that meet the needs of the whole family, adapting the assortments and offering a wide range of over 60,000 products.
Catena is the largest player on the local pharmaceutical retail market, being followed by Dr. Max (Sensiblu), Help Net, Dona, Farmacia Tei and Ropharma.