India's Reliance buys Hamleys | Business
Thetimes.co.uk - Fri 10 May 08:14 GMT

Hamleys, the famous British toy retailer, has been sold to India’s Reliance Industries for a reported £68 million in cash. Reliance Industries, which runs the world’s biggest single-location crude...

India's Reliance buys Hamleys | Business

  India’s Reliance buys Hamleys Hamleys is a recognised brand throughout the world, with stores in 18 countriesALAMYHamleys, the famous British toy retailer, has been sold to India’s Reliance Industries for a reported £68 million in cash.

  Reliance Industries, which runs the world’s biggest single-location crude oil refinery in western India, has been gradually transforming itself from an energy conglomerate into a consumer group through its retail and telecoms ventures.

  The company’s Reliance Brands subsidiary signed an agreement yesterday to buy Hamleys from Hong Kong-listed C Banner International Holdings.

  Founded in 1760, Hamleys is a recognised brand throughout the world and has changed hands several times, the latest being the 2015 sale by Groupe Ludendo.

  The toy seller runs 167 stores across 18 countries.