Today’s news / Flying Tiger targets growth in Middle East and Asia
Flying Tiger Copenhagen is approaching a turnover of five billion kroner. (Archive photo). Photo: Sofie Mathiassen/Ritzau Scanpix

Flying Tiger targets growth in Middle East and Asia

Flying Tiger Copenhagen is approaching a turnover of five billion Danish kroner, as reported in a press release on Monday, with last year’s turnover reaching 4.97 billion kroner, a 4.5 percent increase. CEO Martin Jermiin highlights the best quarter ever in terms of sales for 2023 and expresses satisfaction despite high inflation and interest rates. Currently operating 926 stores in 35 markets, plans are underway to expand into seven new markets including Bahrain, Oman, Turkey, Malaysia, Vietnam, Singapore, and Thailand, with Bahrain already seeing store presence in February. The company has made strides to reduce its environmental impact by 24 percent since 2019 by transitioning to green fuel for sea freight as part of its sustainability strategy. Founded in 1988 as Zebra and later opening the first Tiger store in Copenhagen in 1995, the brand continues to offer products at low prices, with inventory sourced from surplus stock.