Flying Tiger Copenhagen, a Danish variety store chain renowned for its affordable home goods and craft kits, has been acquired by Modella Capital, a UK-based private equity firm. Established in 1995, Flying Tiger Copenhagen operates nearly 1000 outlets in over 40 markets. Since last year, the chain has been managed by Danske Bank, Nordea, and its leadership team as part of a debt restructuring effort.
TG Jones’s owner, Modella Capital, also owns Claire’s and The Original Factory Shop, both of which declared bankruptcy earlier this year. This acquisition of Flying Tiger Copenhagen signifies Modella’s initial venture beyond the UK.
Modella’s Managing Director, Joseph Price, lauded Flying Tiger Copenhagen’s unique product offering and strong retail brand, which has garnered a loyal customer base spanning over 40 countries. “Flying Tiger Copenhagen is a business with tremendous potential. We are delighted to invest in its future, and we eagerly anticipate collaborating closely with the management team to furnish the stability, capital, and retail expertise the business requires to realize its growth plan,” stated Price.
The chair of Flying Tiger, John Dueholm, declared that the management team had been dedicated to identifying the most suitable long-term proprietor for the business. He expressed confidence that Modella is “exceptionally well-positioned” as the new primary shareholder.
Modella Capital pledged to back Flying Tiger’s expansion strategy, which includes adding over 700 franchise stores by the year 2030. The financial conditions of the agreement were not made public.
What does Flying Tiger Copenhagen specialize in?
Flying Tiger Copenhagen is a variety store chain recognized for its affordable home goods and craft kits.
Who has purchased Flying Tiger Copenhagen?
The UK-based private equity investor, Modella Capital has acquired Flying Tiger Copenhagen.
How does Modella Capital plan to support Flying Tiger Copenhagen’s growth?
Modella Capital plans to support Flying Tiger’s expansion strategy, including the addition of more than 700 franchise outlets by 2030.
