Modella, the company that owns the home and gift retailer TG Jones, is acquiring Flying Tiger. Multiple outlets report that the deal represents a further consolidation within the high street retail sector. The transaction follows Modella’s continued expansion, extending its portfolio beyond TG Jones to include Flying Tiger, a well-known discount and lifestyle retailer. While the reporting focuses on the acquisition itself, details on the financial terms and specific operational changes are limited in the provided coverage. The sources indicate that the takeover is positioned as the latest in a series of retail moves aimed at strengthening brands, supply chains, and store presence under a single owner. The acquisition is also described as building on Modella’s existing retail footprint. The reports do not indicate immediate changes to Flying Tiger’s branding or store network in the information supplied, but they frame the deal as a strategic step by Modella to broaden its high-street offerings.