“We will further seek new possibilities of expanding Teilor chain, including in Hungary, where we plan to open stores outside Budapest as well,” says Willy Dicu, Teilor CEO.
The new Budapest unit is located in Arena Mall on a 104-sqm area and is managed by four employees.
The opening of the third store in Hungary is part of Teilor’s international expansion process, for which the company has earmarked RON27 million investments in 2022.
The Budapest unit is the sixth store Teilor has opened this year. By yearend, the company plans to open another two stores, so that its network is set to hit 64 stores, with 51 units in Romania and 13 stores operated in Poland, Hungary, Bulgaria and the Czech Republic.
Beside physical stores, Teilor currently operates five online platforms.
Last year, Teilor posted RON231.5 million turnover, up 65% from 2020.
(English version by Catalina Apostoiu)