6 June 2025

In the newly published 2024 financial results, Flying Tiger Copenhagen once again reports top-line growth. Revenue reached DKK 5.2 billion – a post-pandemic record – and EBITDA printed at the highest level in the company’s 30-year history.

Revenue increased both online and in physical stores, resulting in overall growth of more than five percent for the Danish retail chain, which operates across 38 markets.

Flying Tiger Copenhagen’s global expansion ambitions were also evident in 2024, with the opening of its 1,000th store and entry into new markets such as Australia, Vietnam, Turkey and Bahrain through partnerships with franchisees.

Alongside the release of the 2024 financial report, Zebra A/S – the parent company of Flying Tiger Copenhagen – has announced a new ownership and capital structure. As part of this restructuring, DKK 1.4 billion in new capital has been injected into the company. This enables the repayment of legacy debt that has previously constrained the company’s strategic flexibility.

“The new capital and ownership structure creates better conditions for both our core business and expansion into new markets. We now have a stable foundation where debt is no longer an obstacle to growth and development – allowing the company to realise its full potential,” says John Dueholm, Chairman of the Board at Zebra A/S.

The new ownership structure reflects a management-led buyout, with CEO Martin Jermiin and CFO Christian Kofoed Hertz Jakobsen becoming the new majority owners – supported by the company’s banking partners, Nordea and Danske Bank. Treville & Co., the main shareholder since 2021, will exit the ownership group as part of this transaction.

“Our performance in 2024 confirms the growing demand for our concept. Despite a challenging market, we achieved +5% growth, and our position in the international retail sector has strengthened significantly. Combined with the new capital structure, the future looks exceptionally bright for Flying Tiger Copenhagen,” says Martin Jermiin, CEO.

Expansion plans for the second half of 2025 include new store openings in Malaysia, Singapore, Canada and Thailand.