Reliance Retail considering the acquisition of toys giant Hamleys
Category: #retail  By Pankaj Singh  Date: 2019-04-19
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Reliance Retail considering the acquisition of toys giant Hamleys

87 of the 130 stores that Hamleys has across the globe are located in India and Reliance plans to add more stores in the country in 2019.

Reliance Retail, India’s largest retailer in terms of revenue, has recently been reported to be discussing the acquisition of the famed UK toy seller, Hamleys, from its current Chinese owner C Banner International Holdings.

Sources close to the matter have reported that Reliance is in advanced stages of discussion with owners of Hamleys for the acquisition.

Reliance Brands, the marquee label operator for Reliance Retail, is the master franchisee for Hamleys in India. Hamleys is renowned for being the oldest toy store in the world and is originally located in London. It is being speculated that an acquisition of Hamleys will strengthen Reliance’s retailing play, especially due to the fact that Hamleys has already established itself as the largest toy retailer in India. 

87 of the 130 stores that Hamleys has across the globe are located in India and Reliance plans to add more stores in the country in 2019. The company is also planning to launch an ecommerce marketplace that will sell everything ranging from food to toys to fashion accessories and the move can have a tie in in this venture as well.

A Reliance spokesperson has reportedly refused to comment on media speculation. The response added that Reliance regularly evaluates various opportunities and the company will only make disclosures to be compliant with the stock exchanges and its obligations under Securities and Exchange Board of India (SEBI) regulations.

For the record, through master franchise agreements and joint ventures, Reliance Brands operates the highest number of foreign labels in India.

In 2015, C Banner International Holdings, a Chinese retail group acquired Hamleys from the then owner Ludendo Enterprises UK Limited. Amid a challenging situation that Hamleys and other brick-and-mortar retailers are faced in their home markets, Hamleys reported a profit of £1.7 million in 2017 but a loss of £9.2 million in 2018.



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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