Reliance Industries's subsidiary Reliance Brands Limited has announced the acquisition of Hamleys Global Holdings Limited of United Kingdom. Reliance will acquire the company for around Rs 620 crore.
Reliance has signed an agreement with Hong Kong's listed company Sea Banner International to acquire 100 per cent stake in Hamleys. Reliance has a master franchise of Hamleys in India. It operates 88 stores in 29 cities. This company has emerged as the largest toy retailer in India.
Hamleys Global Holdings Limited:
Reliance Brands will get a major edge with this acquisition and will also emerge as a major company in Global Toy Industries. Reliance will now emerge as a major company in global retailing with this iconic Hamleys brand and global acquisitions of business.
Hamleys's Supremacy in London:
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