Reliance Retail in talks to acquire Hamleys

Reliance Retail is in talks to acquire the iconic Hamleys to shop brand.

The purchase of the global toy retailer would mark a major boost for Reliance Retail’s global ambitions and its annual growth target of 30 per cent.

Hamleys – the globally famed 259 year old toy store brand, is currently owned by the Chinese fashion wear company, C.banner. Sources close to the talks have stated that they are at an advanced stage.

The RIL-owned Reliance Retail is said to be ‘aggressively pursuing the deal.’

Reliance Retail is the retail arm of the billionaire Mukesh Ambani-owned Reliance Industries. According to various reports on the matter, Reliance Retail would have plans to increase the geographic footprint of the toy store in India, building from 50 it has currently to closer to 200.

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@biz-media.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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