With over 23 years of professional experience in the financial field, spanning multiple industries such as pharmaceuticals, oil and gas, and real estate, Giani Kacic will be responsible for the company’s financial activity globally.
Before joining TEILOR, between 2018 and 2021, Giani held the CFO position of Impact Developer & Constructor, a company listed on the Main Market of the Bucharest Stock Exchange. At Impact, he was involved and successfully obtained almost EUR100 million financing through credit facilities and corporate bonds on the Bucharest Stock Exchange and drafted the company’s ten-year strategy and business plan. Previously, for 15 years, he had held various management positions within Rompetrol, part of KMG International Group, including that of CFO. Giani Kacic began his professional career at pharmaceutical company Farmexim.
“TEILOR is an extremely well-capitalized group, which has managed to grow organically over the years. With the recent capital raise by issuing corporate bonds, TEILOR has entered a new stage of development, which will require a lot of agility from the whole management,” stated Giani Kacic, newly appointed CFO of TEILOR.
At the end of 2021, TEILOR Holding, a group of companies that includes the chain of luxury jewelry stores TEILOR, Teilor Invest Exchange, and financial lending company Invest Intermed GF IFN, successfully closed the first corporate bond issu and raised RON45 million from stock market investors. The bonds were issued in lei and euro and have been listed on the Bucharest Stock Exchange since December 21, 2021, under the symbol TEI26, respectively TEI26E. Approximately 45% of the raised capital is directed to TEILOR and will be used for the expansion of the jewelry store chain across Romania and Europe and investments in the eCommerce platform.
TEILOR Holding was set up in 2021, bringing together all businesses of Romanian entrepreneurs Florin Enache (a 93.1% ownership stake) and Geanina Enache (6.9% stake).
In 2020, the three companies had a combined turnover of RON192.2 million and a net profit of RON30.6 million. Between 2018 and 2020, the combined turnover grew by 35.5%, as a result of an expansion and development strategy implemented for all three companies.
In January-June 2021, the companies of TEILOR Holding had a combined turnover of RON121.4 million, up 84% from the same period in 2020.
TEILOR is the largest fine jewelry chain in Romania with 56 brick-and-mortar stores, out of which six stores are TEILOR Exclusive, offering clients limited series of handmade and carefully selected jewelry inlaid with diamonds and precious stones. Also, TEILOR currently operates five e-commerce platforms – teilor.com, teilor.ro, teilor.hu, teilor.bg and teilor.pl.