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Reliance Industries in talks to acquire Hamleys for up to Rs 350 cr

Thursday, 18 Apr 2019
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Reliance Industries (RIL) is in talks to acquire British toy retailer Hamleys in a bid to expand its global footprint in the retail category. The acquisition could be in the range of Rs 250-Rs 350 crore.

The company is expected to buy Hamleys through its retail arm, Reliance Retail, which holds the licence to sell the British brand’s products in India. Hamleys has about 130 stores globally and 87 of them are in India with Reliance Retail planning to add more in 2019.

Reliance Retail plans to launch an ecommerce marketplace later in 2019 that will sell everything from food , fashion to toys.

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