Hamleys, a 259-year-old toymaker, has struggled to generate profits in recent times.
It reported a profit after tax of £2.44 million in 2018 after suffering a loss of £11.24 million in 2017...It is currently owned by Chinese fashion conglomerate C Banner International. Hamleys, a 259-year-old toy-maker, has struggled to generate profits in recent times. It reported a profit after tax of 2.44 million pounds in 2018 after suffering a loss of 11.24 million pounds in 2017.
In India, Reliance has the master franchise for Hamleys and presently operates 88 stores across 29 cities.
Reliance Brands President and CEO Darshan Mehta said the worldwide acquisition of the iconic Hamleys brand and business places Reliance on the front-line of global retail.