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The Jewish Chronicle

Watch out Ikea - Tiger's on the prowl

February 3, 2011 14:16
Philip Bier, MD of Tiger UK, says the chain could grow into something like Ikea

By

Candice Krieger,

Candice Krieger

3 min read

It is hardly surprising that Philip Bier's Tiger UK value retail chain is being compared to Ikea. Founded in Scandinavia ten years ago, Tiger calls itself is a "variety store" selling home furnishings. It is active in eight countries, including the UK where there are ambitions to open 40 stores by 2012 - and eventually one on every high street.

And while the Danish group may still be, by Mr Bier's own admission, "tiny in comparison" to Ikea - which recently reported annual profits of €2.5bn (£2.2bn) - Mr Bier, Tiger UK's managing director, believes it is only a matter of time before it grows on the same scale.

The Dane says: "Tiger has the potential to grow into something like Ikea. It might take ten years or so but the concept is there.

"We are very much being compared to Ikea in terms of our offering. We are more Ikea marketplace than Ikea furniture." Tiger's main range is home and kitchen furnishings, in addition to toys, stationery and Scandinavian food. Many of their products are made in Denmark. All itmes are priced between £1 and £20 - 90 per cent of its products are own-brand.