[5] Flying Tiger's name derives from similarities between the Danish pronunciation of the animal name tiger (IPA: [ˈtsʰiːɐ]) and the Danish word tier (IPA: [ˈtsʰiˀɐ]), used to denote a 10 kroner coin; in the first stores in Denmark, all items cost 10 kroner.

[2] In 1988, Lennart Lajboschitz and his wife Suzanne opened their first store, Zebra, in Copenhagen.

[12] In January 2015, the company appointed former The Body Shop director Xavier Vidal as its new chief executive officer.

[2] In November 2020, Flying Tiger closed all of its stores in the United States.

[18] In 2021, the company was sold by its founder, Lajboschitz, and EQT Partners to Treville, a Danish investment firm.