Farmacia Tei reported a turnover of RON950 million (EUR191 million) in the first half of 2022.
Farmacia Tei and Bebe Tei are set to expand further via the opening of new units in capital city Bucharest, but it is also tapping into towns and cities outside Bucharest.
“On July 13, 2023, we opened a Farmacia Tei pharmacy in Popesti- Leordeni (on Soseaua Oltenitei Roadway– ed.n.), on a 1,100-square meter area. In mid-September 2023, we will be opening a 700-sqm pharmacy in the town of Pitesti, and a Bebe Tei unit of 1,900 sqm in the district of Gavana“, Roxana Maftei told Ziarul Financiar (ZF) daily.
In 2022, Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval, the owners of do-it-yourself retailer Dedeman, bought 30% of the shares of companies Farmacia Tei and Bebe Tei. In July 2022, Romania’s antitrust body approved the transaction.
In 2023, Farmacia Tei expects to exceed the RON1 billion turnover mark, an increase sustained by the new openings, rising prices and a higher number of shopping receipts.