NIFTY 50

Hamleys is a value buy, aim to create strong omnichannel platform, says Reliance Brands CEO

Updated : May 10, 2019 01:41 PM IST

Reliance Brands, a subsidiary of Reliance Industries, on Thursday acquired the iconic British toy-maker Hamleys for around Rs 620 crore in an all-cash deal. 
Hamleys, a 259-year-old toy-maker, has struggled to generate profits in recent times. It reported a profit after tax of 2.44 million pounds in 2018 after suffering a loss of 11.24 million pounds in 2017.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV