Reliance Brands, a subsidiary of Mukesh Ambani led Reliance Industries(RIL)
has acquired 100% stake in British toy major Hamleys Global Holdings Limited from Hong Kong
based C Banner International in a cash deal of worth USD 88.6 million(Rs 620 crore).
With its 88 stores in around 29 cities in the country which is already operated by Reliance Group, the CEO of Reliance Darshan Mehta adds-“Over the last few years, we have built a very significant and
profitable business in toy retailing under the Hamleys brand in India.