TEILOR, the chain of luxurious jewellery shops with presence throughout the CEE area, continues its worldwide growth by opening its fourth location in Hungary.
The brand new unit has a complete space of 150 sqm, making it the most important TEILOR retailer up to now, and is situated in Budapest, because the model’s different three shops within the nation.
“Strengthening the TEILOR model in worldwide markets is a part of our mission to develop into a globally recognized luxurious model. Our present technique is to concentrate on the CEE area, which is the primary geographical space the place we would like TEILOR to develop into the client’s selection for valuable and semi-precious stones jewellery. Increasing TEILOR into the Hungarian market has been a pure course of, with the items, retailer design, and expertise we provide being really appreciated by our prospects there. We’ll proceed to concentrate on strengthening TEILOR’s presence in Hungary, with all that suggests: a product portfolio and a client expertise tailor-made to native wants, however aligned with international traits,” said Willy Dicu, CEO of TEILOR.
The brand new TEILOR retailer is situated within the Westend Procuring Heart, the procuring middle with the best visitors in Budapest and one of many high malls in Central and Jap Europe. At present, the variety of TEILOR staff in Hungary is 16 individuals, of which 4 staff comprise the employees of the newly opened retailer.
The Westend Procuring Heart retailer options merchandise from the model’s emblematic collections, together with a pair of diamond earrings price 51,000 euros and an 18K gold necklace with a diamond pendant price over 16,000 euros.
Contemplating the exterior financial, political, and social context, and the model positioning wants, TEILOR is specializing in consolidating its presence within the current markets: Romania, Poland, Hungary, Bulgaria, and the Czech Republic. Ranging from 2025, TEILOR will discover increasing into Germany, Austria, Slovakia, and different markets, aiming to open new shops in premium areas.
