Modella snaps up Flying Tiger Copenhagen

The variety retailer will retain its existing management team and progress with its strategy, which includes plans to open more than 700 new franchise stores globally by 2030.

Flying Tiger Copenhagen chief executive Jens Aarup Mikkelsen, who joined the retailer in February, said: “Modella Capital brings deep retail expertise and shares our long-term ambitions for the brand, our colleagues and our customers. 

“We are very excited to begin this next chapter together and continue building on the creativity, energy and customer experience that have made Flying Tiger Copenhagen stand out in a competitive retail landscape for more than 30 years.”

Modella, owner of troubled retailer TGJones, said Flying Tiger Copenhagen “enters a new phase focused on continued international expansion” under the new ownership. It will go ahead with its planned launches in Canada and El Salvador in June and July 2026. 

The retailer sells an assortment of design-led products across home, lifestyle, stationery, toys and seasonal goods. It generated revenues of £588m in its most recent financial year. 

Modella Capital managing director Joseph Price said: “Flying Tiger Copenhagen is a hugely exciting opportunity for Modella Capital. 

“With its strong retail brand, and a unique product offering that has built a loyal customer base across more than 40 countries, Flying Tiger Copenhagen is a business with tremendous potential. 

“We are pleased to be investing in its future, and we look forward to working closely with the management team to provide the stability, capital and retail expertise the business needs to fulfil its growth plan.”

John Dueholm, chair of Flying Tiger Copenhagen, added: “Flying Tiger Copenhagen has made strong progress in recent years, with owners, stakeholders and management working closely together to strengthen the business and position it for long-term success.

“Throughout the process, we have been focused on finding the right long-term owner for the business, and we believe Modella Capital is very well placed as the new majority shareholder to support the company’s continued development.”