Modella Capital Acquires Retail Chain Flying Tiger
Modella Capital, owner of TG Jones, has acquired the Danish retail chain Flying Tiger, amidst concerns about its future. This acquisition marks the latest high street takeover.
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Flying Tiger snapped up by Modella Capital amid fears for its future
UK private equity investor with reputation for hard-nosed restructuring says it is backing existing management Business live – latest updates Flying Tiger is the latest retailer to be snapped up by Modella Capital, the British investment firm which already owns the former high street arm of WH Smith, now called TG Jones. The Danish company, known for its cut-price homewares and craft kit, operates about 1,000 stores worldwide, including 80 in the UK, where it employs more than 1,000 people....
By Sarah Butler
Read full article →TG Jones owner Modella acquires Flying Tiger in latest high street takeover
Modella said the acquisition marked the next chapter for the Danish retailer which has more than 1,100 shops in 44 countries around the world.
By Anna Wise
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