Report: Hamleys close to being sold for £60m

French toy retailer puts forward bid to purchase long-running firm.
Author:
Publish date:
22_hamleys.jpg

Groupe Ludendo is hoping to buy Hamleys in a supposed deal worth £60 million.

The toy retailer – which has stores in France, Belgium, Switzerland and Spain – could purchase Hamleys by the end of the month, claims The Sunday Times, as reported by FT.com.

Hamleys was previously sold to Icelandic retailer Baugur in June 2003 for £58.7 million. It is currently controlled by nationalised Icelandic bank Landsbanki, although Hamleys is being supervised by a committee which reportedly hopes to return sale proceeds to Landsbanki’s creditors.

Last year Hamleys reported turnover of £43 million. Its flagship Regent Street store first opened in 1881.

Ludendo was founded in 1977. In 2006 it acquired Swiss toy retailer Franz Carl Weber.

Picture credit: ITN

Want to receive up to the minute toy industry news straight to your inbox? Click here to sign up for the free ToyNews Daily Digest and Newsflash services. You can also follow ToyNews on Twitter and Facebook.

Related

Featured Jobs

GAMEPLAN LOGO 3D hi res

Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019