Asia’s richest man buys UK’s Hamleys for $88 million.
British toy maker Hamleys has been sold to Asia’s richest man, Mukesh Ambani, for £68 million ($88 million)—the latest in a string of retail acquisitions by his family conglomerate, Reliance Industries.
Ambani’s Reliance Brands, a subsidiary of Reliance Industries, announced it had bought the 260-year-old toy retailer from Hong Kong-listed Chinese fashion firm C Banner International Holdings.