RIL completes ₹585 cr purchase of 259-yr-old toymaker Hamleys

Mukesh Ambani-led Reliance Industries (RIL) on Thursday said its subsidiary Reliance Brands has completed the acquisition of 259-year-old British toy retailer Hamleys for nearly ₹585 crore in an all-cash deal. It acquired Hamleys from Chinese fashion retailer C.banner through a special purpose vehicle set up in the UK. The toy retailer has 167 stores across 18 countries