RPC advises Zebra in their acquisition of Danish retailer Tiger’s UK stores
RPC, the City-headquartered law firm, has advised Zebra A/S, the Copenhagen based parent company of Danish homewares retailer Flying Tiger Copenhagen, formerly known as Tiger, on its acquisition of certain of the retailer’s UK stores.
Labelled “the Danish answer to Ikea”, Tiger Retail Limited was brought over to the UK by former photographer Philip Bier and his wife Emma Bier in 2005.
The Biers held 50% of the shares in Tiger Retail Limited and ran Flying Tiger Copenhagen’s stores in London and the South East. RPC acted for Zebra, who held the remaining 50% of the shares in Tiger Retail Limited, in its purchase of the Biers' shares. Following the purchase Zebra now has 100% ownership of Tiger Retail Limited.
Since 2005 Tiger Retail Limited has expanded substantially in the UK, and now has a 44 store strong presence in London and the South East.
Recently re-launched as Flying Tiger Copenhagen, Zebra A/S now has more than 740 shops in 30 countries, and employs more than 4,000 people.
The RPC deal team was led by James Mee, Partner at RPC, Christopher Newsholme (Consultant at RPC) and Emily McGregor (Associate at RPC).
Commenting on the deal, James Mee says: “Tiger is an exciting and innovative brand at a critical point in its growth, and this deal puts the business on the firmest possible footing for the future.”
“Flying Tiger Copenhagen’s presence in the UK has grown substantially since the Biers first brought it over in 2005 and it still has great growth potential moving forward under Zebra’s leadership.”
“This deal built upon our already extensive experience of working on high profile international transactions.”
This deal is the latest successful matter concluded for clients of RPC's Retail Group, covering the full range of issues faced by retailers from litigation and transactions to real estate and commercial contracts.