A major high street chain is set to be saved from closure thanks to a last-minute rescue deal. Private equity firm Modella Capital, which also owns TG Jones (WH Smith), is set to secure control of Flying Tiger Copenhagen, saving its 80 UK locations and hundreds more across Europe.
The chain, which has a location at the Bullring in Birmingham, is believed to close on the deal imminently. Flying Tiger Copenhagen offers Scandinavian-inspired homewares, gifts, and stationery, with approximately 900 stores worldwide, including franchise partnerships in Israel, Vietnam, and the Philippines.
Financial Background
Flying Tiger reported turnover of more than 5.2 billion Danish krone (£600 million) in 2024 before undergoing a restructuring in early 2025. The chain employs around 1,000 people worldwide.
Related Expansion News
This news comes after Costa Coffee confirmed plans to open 14 more locations in Sainsbury's stores across the UK as part of their quickening expansion. It is part of wider restructure plans for Sainsbury's following their decision to close 61 cafes over the last three years, resulting in 3,000 job losses. Now, they have partnered with Costa Coffee to open new cafes, with 50 in-store sites already operating. This is on top of the 1,000 strong Costa Express self-serve coffee machines already operating in Sainsbury's locations up and down the country. Reports suggest Costa Coffee has poured over £3 million to open locations within Sainsbury's.
