Flying Tiger continues growth with expansion to Malaysia, Canada, Balkans

Flying Tiger is opening its first store in Malaysia. The expansion follows just months after a turbulent ownership change and a capital injection of 1.45 billion Danish krone (200 million euros).

Balkans, North America and Southeast Asia

CEO Martin Jermiin confirmed the expansion on LinkedIn, adding that Flying Tiger is opening there in partnership with Indonesian retail group Map. The expansion follows shortly after the Danske Bank and Nordea bank seized control of the company in June – along with CEO Martin Jermiin and CFO Christian Kofoed Hertz Jakobsen. Danish investment company Treville had owned Flying Tiger since 2021, but the chain had been struggling with historic debt for years.