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Reliance Brands completes acquisition of Hamleys
TIWN
Reliance Brands completes acquisition of Hamleys
PHOTO : TIWN

Mumbai, July 18 (TIWN) Reliance Brands, a subsidiary of Reliance Industries, has completed the acquisition of the iconic British toy retailer Hamleys.

In May this year, Reliance Brands had signed an agreement to acquire 100% stake in Hamleys Global Holdings from Hong Kong-based C.banner International.  Reliance Brands has completed acquisition of 100% stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in United Kingdom for cash consideration of GBP 67.96 million, Reliance Industries said in a BSE filing on Thursday.  Hamleys, founded in London in 1760, is one of the world's oldest retailers of toys and has changed hands several times.

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