TEILOR Holding is a group of companies that includes luxury jewelery store chain TEILOR, the financial lending company Invest Intermed GF IFN, and Teilor Invest Exchange.
The Board of Directors of TEILOR Holding consists of three members – Mircea Varga, Florin Enache, the founder of the holding, and Narcis Stan, Executive Director of Invest Intermed GF IFN and Teilor Invest Exchange.
The mandates of the three members are valid until September 2023.
Mircea Varga is an executive with over 26 years of professional experience in multinationals and local companies from various industries, such as PwC Romania and Tiriac Group. In the last two years, Varga has focused on providing companies with specialized advisory services on organizational transformation and increasing profitability. Before his appointment as Chairman of the Board of Directors of TEILOR Holding, Mircea had been an independent member of the board, being responsible for coordinating the entire process of listing the company’s corporate bonds on the AeRO market of the Bucharest Stock Exchange at the end of 2021. As of April 2022, Mircea Varga has been a member of the Board of Directors at Safetech Innovations, a Romanian cybersecurity company listed on BVB’s AeRO market.
“TEILOR Holding is at a point of accelerated development, both in Romania and at the European level, due to the capital raised at the end of last year from Bucharest Stock Exchange investors. In the coming years, we aim to increase the business indicators of all the companies in the group by expanding all the business lines and turn TEILOR Holding into a significant player in its activity sectors at the European level,” stated Mircea Varga.
In 2021, the three companies part of TEILOR Holding had a combined turnover of RON282.7 million, up 47% from 2020, an EBITDA of RON45.3 million, up 10% from 2020, and a net profit of RON26.7 million, down 13% on the year.
Jewelry chain TEILOR had a turnover of RON231.5 million in 2021, up 65% from 2020, an EBITDA of RON33.3 million, up 46% on the year, and a net profit of RON19.8 million, up 17% from 2020. Invest Intermed GF IFN reported a turnover of RON46.8 million in 2021, up 3% on the year, while Teilor Invest Exchange had a turnover of RON13.5 million in 2021, up 38% from 2020, and a net profit of RON4.5 million.