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Announced

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Reliance Industries completed the acquisition of Hamleys from C Banner for £68m.

Synopsis

Reliance Industries completed the acquisition of Hamleys Global Holdings, the owner of the Hamleys brand, for £68m ($89m) from C Banner International, a Hong Kong-listed company. "Over the last few years, we have built a very significant and profitable business in toy retailing under the Hamleys brand in India. [...] The worldwide acquisition of the iconic Hamleys brand and business, places Reliance into the frontline of global retail. Personally, it is a long cherished dream come true," Darshan Mehta, President, and CEO of Reliance Brands.

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