This is the group’s 38th store in Romania.
“Even though we are going through uncertain times, we are happy to be able to continue expansion nationally. Ever since 2015, when they were launched locally, Tezyo stores ex[anded rapidly and reached the main shopping malls in the country,” said Filip Schwartz, founder of Otter Distribution.
The new store is located in Shopping City in Targu Mures and has a sales area of 120 sqm.
Otter Distribution operates over 60 stores in Romania under the brands Tezyo, Salamander and Aldo.
The group had a turnover of 204 million in 2019, up 11% on the year, and a net profit of RON2.26 million, five times higher than in 2018, according to finance ministry data.
In the second half of 2020, the group plans to open Tezyo, Salamander and Aldo stores in AFI Brasov and the opening of a Salamander store in Targoviste.