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Nov 09, 2022 15:34 EEST
November 9 (SeeNews) - Romanian jewellery chain Teilor said on Wednesday it is considering to expand to Germany, Austria and Slovakia and other similar markets starting 2025, aiming to open between four and six new stores per year in premium locations.
Until 2024, given the external economic, political, and social context, market specifics and brand positioning needs, Teilor plans to focus on consolidating its presence in Romania, Poland, Hungary, Bulgaria and the Czech Republic, it said in a press release.
The company also announced the opening of its sixth store in Poland, in the city of Wroclaw. The new store covers an area of 87 sq m and is managed by four employees.
"“The opening of the store in Wroclaw is part of our international expansion strategy, and we are marking the thirteenth Teilor store inaugurated outside Romania," Teilor CEO Willy Dicu said.
The unit is the company's eight store opened in 2022, besides three other stores in Romania, three in Poland, one in Hungary and one in the Czech Republic.
By the end of 2022, the company aims to open one more store, which will have Teilor's international network of stores reach 65 units.
Teilor is an international chain of jewelry stores with 24 years of experience. The company owns 64 brick-and-mortar stores across Romania, Poland, Hungary, Bulgaria, and the Czech Republic.
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