PxPixel
INDIA: 20 Hamleys stores planned - ToyNews

INDIA: 20 Hamleys stores planned

Hamleys' plan in India has now been extended to include 20 store openings over the next few years.
Author:
Publish date:
11_184_3966_mypictr_300x300(6).jpg

The firm will open 20 stores in India over the next six to seven years in partnership with Reliance Retail, which has a 20-year-franchise agreement with Hamleys.

Hamleys will invest around Rs1.25bn (£18.3m) in the scheme and will open its next store in Chennai in the next few months, having already opened a 21,000 square feet store in Mumbai.

"The organised retail toy market in the country is close to Rs15bn (£220.5m) and Reliance Retail will be looking to have a sizeable share in it," Bijou Kurien, president and chief executive - lifestyle, Reliance Retail, commented.

Reliance Retail will stock Hamleys merchandise, but also products that are exclusively available to the UK retailer.

Related

Featured Jobs

Copyrights Group

Marketing Manager

The Copyrights Group is one of the licensing arms within The Vivendi Group. Acquired by Vivendi in 2016 Copyrights manages the licensing for a portfolio of properties to include Paddington Bear. Some of the other companies within the Vivendi Group include Universal Music Group, and their licensing arm Bravado, Gameloft and Studiocanal to name a few.