Danish value retailer Tiger is preparing to open four new stores in the South of England and three elsewhere in the UK.
The retailer is expanding in London and the South East with four new stores all signed and due to open in the first half of 2015.
The stores, which range between 1,500 sq ft and 3,000 sq ft in size, will open in St Albans in Hertfordshire, Milton Keynes in Buckinghamshire, Islington, North London, and at the future Crossrail train station at Canary Wharf, which is due to open in May next year.
Tiger operates in the UK under different separately-owned regional divisions and is understood to be preparing to open stores in Bristol, Dundee and Exeter under different regional management.
Philip Bier, managing director for Tiger Retail, which has responsibility for London and the South East, said that his division was in line for “EBITDA grown of at least 40% on last year”, in its full year.
Speaking to Retail Week he said: “I can’t contain myself with excitement over Christmas. It’s been going really really well; so far December like-for-likes are very strong”.
Bier said that as a national group the Tiger portfolio is likely to be around 75 by the end of 2016. It currently stands at 42, 30 of which are in the Southeast where it made its debut in 2010.
Property agent Plus Shops Retail acts for Tiger.