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Flying Tiger Copenhagen sees profits dip at Irish arm |

Flying Tiger Copenhagen sees profits dip at Irish arm

The company that operates the Flying Tiger Copenhagen retail chain in Ireland has recorded a 28 per cent dip in pre-tax profit to €1.19 million for the year to the end of December 2016.

Tiger Retail Ireland, which is 50 per cent owned by husband and wife team Gillian Maxwell and Niall Stringer, with the remainder owned by the Danish parent behind the business, Zebra A/S, rebranded in the summer of 2016 and saw administrative expenses jump from €5.8 million to €7.78 million in the period, recently filed accounts show.

Zebra is also the sole supplier of goods to the Irish retail outlets and the Irish arm paid over €5.2 million to their parent company in the period.

The parent company, which was established in 2000, has more than 600 stores in 28 countries. Lennart Lajboschitz, who founded the chain first opened a shop called Zebra in Copenhagen in the mid-1990s. The store later rebranded under the Tiger name as more stores were added.

The retailer provides good value, design-led products in everyday categories such as kitchen utensils, office supplies, toys, hobby and crafts, party products, food, stationery, electronics, sports, gadgets and fashion accessories.

The company, which now runs 26 stores in Ireland, employed 229 people in 2016 and had a wage and salary bill of €3.95 million.

Following last year’s trend the directors paid shareholders an interim dividend of €1 million, while director remuneration amounted to €152,660.

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