<p class="title">Reliance Brands, a subsidiary of Reliance Industries, has completed the acquisition of British toy retailer Hamleys for GBP 67.96 million (about Rs 620 crore) in an all-cash deal.</p>.<p class="bodytext">In May this year, Reliance Brands had signed an agreement to acquire 100 per cent stake in Hamleys Global Holdings from Hong Kong-based C.banner International.</p>.<p class="bodytext">Reliance Brands has completed the acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in the United Kingdom for cash consideration of GBP 67.96 million, Reliance Industries said in a BSE filing Thursday.</p>.<p class="bodytext">Hamleys, founded in London in 1760, is one of the world's oldest retailers of toys and has changed hands several times.</p>.<p class="bodytext">In 2015, China's C.banner International had acquired Hamleys in a GBP 100-million deal. In October last year, Sky News reported that C.banner International, which is listed on the Hong Kong Stock Exchange, had launched a strategic review of loss-making Hamley's and was looking to sell it.</p>.<p class="bodytext">Hamleys has 167 stores across 18 countries. In India, Reliance Retail had the master franchisee for the brand and operates 88 stores across 29 cities. </p>
<p class="title">Reliance Brands, a subsidiary of Reliance Industries, has completed the acquisition of British toy retailer Hamleys for GBP 67.96 million (about Rs 620 crore) in an all-cash deal.</p>.<p class="bodytext">In May this year, Reliance Brands had signed an agreement to acquire 100 per cent stake in Hamleys Global Holdings from Hong Kong-based C.banner International.</p>.<p class="bodytext">Reliance Brands has completed the acquisition of 100 per cent stake of Hamleys Global Holdings (HGHL) through a special purpose vehicle company set up in the United Kingdom for cash consideration of GBP 67.96 million, Reliance Industries said in a BSE filing Thursday.</p>.<p class="bodytext">Hamleys, founded in London in 1760, is one of the world's oldest retailers of toys and has changed hands several times.</p>.<p class="bodytext">In 2015, China's C.banner International had acquired Hamleys in a GBP 100-million deal. In October last year, Sky News reported that C.banner International, which is listed on the Hong Kong Stock Exchange, had launched a strategic review of loss-making Hamley's and was looking to sell it.</p>.<p class="bodytext">Hamleys has 167 stores across 18 countries. In India, Reliance Retail had the master franchisee for the brand and operates 88 stores across 29 cities. </p>