Flying Tiger Steps Up Global Expansion and Opens 200 New Stores
- Former EQT portfolio company is now owned by Treville
- Flying Tiger is in talks to open another 500 shops globally
A Flying Tiger Copenhagen retail store in Rushden, U.K.
Photographer: Keith Mayhew/SOPA Images/LightRocket/Getty Images
Flying Tiger Copenhagen, a retail chain that sells everything from teapots to games at affordable prices, is planning a significant expansion involving hundreds of new shops across the world.
Chief Executive Officer Martin Jermiin says the Danish company, which already operates almost 900 stores across 26 countries, will add more than 200 to that figure as it emerges from a two-year period of consolidation. The growth plans follow a change in ownership, after EQT AB sold Flying Tiger to Treville, which brought in new money.
Most of the new shops will be in the Middle East, and Jermiin told Bloomberg that talks are already under way to launch another 500 outlets around the world.