Reliance to buy popular British toy store chain Hamleys

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In a bid to give Reliance Retail a global presence, Mukesh Ambani’s company has beat competitors Walmart and Amazon in the race to own Britain’s legendary toy store HamleysHamleys is a name that is almost synonymous with children’s toys across the globe, and the toy store chain which is more than 2 centuries old has its presence in 18 countries with 167 stores.  

Reliance to buy popular British toy store chain Hamleys

In their pursuit of building an online platform that will be a one-stop shop for almost anything and everything, the acquisition of Hamleys which amounted to $88.5 million, will help Reliance achieve a global presence.   

Source: Economic Times 

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