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High street change as TG Jones owner buys 110 UK cut price stores
Modella Capital said it will support Flying Tiger’s plan for more than 700 new franchise stores by 2030.
- Private equity firm Modella Capital announced its acquisition of Flying Tiger Copenhagen, the popular Danish retailer operating over 1,100 stores across 44 countries, including 110 in the UK.
- Flying Tiger underwent restructuring last year under lender control before transitioning to private equity ownership, marking a new chapter for the retailer seeking growth capital.
- Joseph Price, Modella's managing director, called the acquisition a "hugely exciting opportunity," stating the firm would provide "stability, capital and retail expertise" to support over 700 planned franchise store openings by 2030.
- Separately, Modella is seeking creditor approval for restructuring TG Jones, with up to 150 high street stores facing potential closure and hundreds of jobs at risk, though the firm aims to preserve roles through consultation.
- Modella has rapidly consolidated struggling British retailers through prior acquisitions including Claires Accessories, which later closed all UK and Ireland operations, and The Original Factory Shop, which entered administration earlier this year.
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Business update: Flying Tiger confirms future for 80 stores in major takeover deal with TG Jones owner
A high street retailer with around 80 stores across the UK has confirmed its business future following the announcement of a major takeover deal.Private equity firm Modella Capital has secured ownership of Flying Tiger Copenhagen, adding the Danish discount chain to its expanding retail empire.The budget retailer operates more than 1,100 stores across 44 countries worldwide, with around 80 of these locations being based in the UK.Flying Tiger ha…
·London, United Kingdom
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Coverage Details
Total News Sources16
Leaning Left1Leaning Right2Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
14%
C 57%
R 29%
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