The holding company of the retail chain, Zebra A/S, has taken in new owners and made adjustments to the capital structure.
”As part of this restructuring, 1.4 billion Danish kronor has been injected into the company,” Flying Tiger writes.
According to the company, this makes it possible to pay off a debt that previously limited the company's strategic flexibility – which among other things opens up for expansion into more markets.
”We now have a stable foundation from which debts are no longer a hindrance to growth and development,” says John Dueholm, chairman of the board of Zebra A/S.
According to the annual report, Flying Tiger's sales last year amounted to 5.2 billion Danish kronor, a new record for the period after the pandemic. For the operating result (ebitda), it was the highest level before write-downs and amortizations in the company's 30-year history.
The chain opened its thousandth store last year and entered markets such as Australia, Vietnam, Turkey, and Bahrain with the help of franchise agreements.
