TG Jones owner Modella to buy Flying Tiger in latest high street swoop
Modella Capital, the owner of TG Jones, has agreed to acquire Flying Tiger Copenhagen's UK and Ireland operations, adding the Danish variety retailer's roughly 100 stores to its growing portfolio. The deal marks another significant move by Modella as it builds a substantial presence on the British high street. Flying Tiger, known for its affordable and quirky homeware and gifts, will continue trading under its existing brand.
Why this is positive
The acquisition secures the future of around 100 Flying Tiger stores and their associated jobs across the UK and Ireland, rather than leaving them at risk on an uncertain high street.
Why this matters
It signals continued investor appetite for physical retail in Britain at a time when many chains have struggled, suggesting confidence that the high street can remain commercially viable.