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Reliance Brands buys iconic toy maker Hamleys

Updated : May 10, 2019 03:06 PM IST

Mukesh Ambani-led Reliance Industries' subsidiary Reliance Brand on Thursday acquired 259 years old British toymaker Hamleys from C Banner International for Rs 621. 15 crore (GBP 67.96 million).

The retail arm, Reliance Retail currently has the license to sell Hamleys' products in India, taking over from China's C Banner International who had acquired the toymaker in 2015 in a 100 million pound deal.

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Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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