Home / Companies / News / Mukesh Ambani comes to struggling Hamleys' aid, plans to quadruple outlets

Mukesh Ambani comes to struggling Hamleys' aid, plans to quadruple outlets

Hamleys, a British retail icon that hasn't made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic

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Hamleys stores are famed for the carnival-like experience, allowing children to race toy cars, enjoy model train sets and play various games. (Bloomberg)

P R Sanjai and Chris Kay | Bloomberg

6 min read Last Updated : Apr 13 2021 | 8:33 AM IST

A struggling 261-year-old U.K. toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about a fifth of the world’s babies are born to fuel its revival.

Hamleys, a British retail icon that hasn’t made a profit for a number of years, plans to quadruple its outlets in the former British colony to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands Ltd. Besides the main growth market, the company is also adding stores from Europe to South

Topics : Mukesh Ambani hamleys Reliance Industries

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