Published On: Sat, May 11th, 2019

Mukesh Ambani acquied Hamleys as “Hamleys Reliance” from the Famous Toy Company.

By: India 24×7 News
03:28 PM, May 9, 2019

Mukesh Ambani’s Reliance Brands Ltd has bought toy market giant Hamleys. Hamleys is a 259-year-old toy-making company. Mukesh Ambari ventured into the internal market for toy retailing by acquiring ‘Hamleys Global Holdings Limited’.

Reliance Brands announced to buy 100% stake

Reliance Brands Limited, a subsidiary of Reliance Industries Limited, announced the purchase of a hundred per share of Sea Banner International Holdings of Hong Kong. Please tell that Sea Banner Holdings is the boss of the Hamleys brand. Currently the company has not disclosed the amount of the amount.

The British Game : Reliance Acquires Hamleys. india 24x7 news

The British Game : Reliance Acquires Hamleys. india 24×7 news

Hamleys, the world’s oldest toy company

Hamleys was founded in the year 1760, 259 years ago. It is the oldest and largest toy shop in the world. Later it was transformed into a global company. Hamleys has been bringing smiles on children’s faces for more than two centuries with her finest toys. The company has been able to expand its toys with a superior model of quality and wide range of toys and continues to be a children’s favorite.

Hamleys has 167 stores in 18 countries

The company has also expanded its retail network with theater and entertainment. Hamleys has 167 stores in 18 countries globally. Reliance is the main franchisee of Hamleys in India and operates 88 stores in 29 cities of the country. With this acquisition, Reliance Brands expects to grow more rapidly and succeed in emerging as a major player in the global toy industry.

Chairman of Reliance Brands expressed happiness

In this context, Chairman and CEO of Reliance Brands, Darshan Mehta, expressed happiness that in the last few years, the retail sales of toys under the Hamleys brand in the country has increased considerably and has turned into a profitable business.

Reliance will become a major company in retail business

With the acquisition of the Hamleys brand and its global business, Reliance will emerge as a major player in the world’s retail business. He said that this acquisition has succeeded in turning the old dream of the company into reality.

Hamleys’ first major store opened in London

Hamleys’ first major store opened in 1881 in Regent Street, London. Spread over seven floors and 54 thousand square feet, this store receives more than 5 million customers annually. More than 50,000 toys of toys are available for sale in this store.

Reliance Industry Limited has announced to sell 20 percent of its oil chemical business to Saudi Aramco. In return, the company will invest $ 75 billion. It has been announced by Reliance Chairman Mukesh Ambani. He says that this will now be the largest foreign investment in the country so far. Addressing Reliance’s Salan General Meetings, Mukesh Ambani said that under this investment agreement, Saudi Aramco will supply 500,000 barrels of crude oil to Reliance’s Jamnagar refinery.