Mukesh Ambani’s Reliance Brands acquires Hamleys
Mukesh Ambani, India’s richest man, has acquired iconic toystore chain Hamleys via his firm Reliance Brands. Founded in 1760, Hamleys is the world’s oldest toy retailer, and has 167 stores across 18 countries. The company reported a loss of £9.2m in 2018. Reliance already operates 88 Hamleys in 29 Indian cities.