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Indian company buys famous UK toy retailer Hamleys

May 10, 2019 - Associated Press Financial Wire

LONDON (AP) - An Indian company says it has agreed to take over the famous toy retailer Hamleys.

Reliance Brands in Mumbai said in a statement Thursday that it would buy Hamleys Global Holdings, the owner of the Hamleys brand, from C Banner International of Hong Kong for an undisclosed sum.

The deal would include the flagship Hamleys store on London's Regent Street, which opened in 1881 and remains a tourist attraction in the British capital.

Hamleys was founded in 1760 and has...