Reliance Retail acquires Hamleys

Source: retail.economictimes, Monday, May 13, 2019

Reliance Retail has agreed to purchase British toy store chain Hamleys from C Banner International Holdings for USD88.5 million. Reliance Retail’s marquee label operator Reliance Brands is the India master franchisee for Hamleys.

Hamleys will give Reliance 167 stores across 18 countries, Reliance already operates more than 85 Hamleys outlets in India. Despite its huge sales network in India, Reliance Retail so far has no overseas presence.