Indian company buys famous UK toy retailer Hamleys

LONDON (AP) — An Indian company says it has agreed to take over the famous toy retailer Hamleys.

Reliance Brands in Mumbai said in a statement Thursday that it would buy Hamleys Global Holdings, the owner of the Hamleys brand, from C Banner International of Hong Kong for an undisclosed sum.

The deal would include the flagship Hamleys store on London’s Regent Street, which opened in 1881 and remains a tourist attraction in the British capital.

Hamleys was founded in 1760 and has 167 stores in 18 countries. Reliance Brands already had the franchise for 88 Hamleys stores in India.

Reliance Brands Chief Executive Darshan Mehta said the acquisition places the company in the “forefront of global retail.” It is part of Reliance Industries, whose chairman is the Indian tycoon Mukesh Ambani.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands.
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation