Reliance to acquire British toy-maker Hamleys for Rs 620 crore

Mukesh Ambani-led Reliance IndustriesNSE 0.99 % Thursday announced it will acquire iconic British toy-maker Hamleys for 67.96 million pounds (around Rs 620 crore) in an all-cash deal.

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.