Topic analysis

Flying Tiger snapped up by Modella Capital amid fears for its future

British private equity firm Modella Capital has acquired Danish cut-price retailer Flying Tiger Copenhagen, which operates around 1,000 stores globally (including 80 in the UK) and was previously controlled by its banks and management. While Modella is backing Flying Tiger's existing leadership and plans to open over 700 new franchise stores by 2030, concerns about the retailer's future persist due to Modella's track record of hard-nosed restructuring that has led to store closures and job losses at other owned brands like TG Jones, Claire's, and Hobbycraft.