Home / Retail / Hamleys finds buyer in China’s C.banner to tune of £100m
The Chinese footwear retailer C.banner said ti will purchase the iconic toy retail chain for £100m.

Hamleys finds buyer in China’s C.banner to tune of £100m

Hamleys has found a buyer in Chinese footwear retailer C. banner International Holdings, who said it would acquire the iconic toy store chain for £100m.

After weeks of speculation over who would be making the bid for the international toy retailer, C. banner revealed it was behind a move to purchase Hamleys from France’s Ludendo Groupe.

The announcement of the purchase arrives one week after Chinese President’s Xi Jinping’s three-day visit to the UK.

The president’s trip featured the signing of a raft of business deals worth a total of £40bn.

About dt-admin

Check Also

Coronavirus will slow but not scupper LEGO’s plans for 80 brand store roll out across China this year

The ongoing coronavirus pandemic will not scupper plans to roll out 80 new brand stores …