India's richest man Mukesh Ambani has bought the famous British toy company Hamleys.
A statement from Mukesh Ambani's company Reliance Brands Limited said that they have entered into an agreement with the Chinese company Sea Banner.
In the statement issued by Darshan Mehta, the head of Reliance Brands, it has been said that 'buying Hamleys worldwide now. It is like a dream come true for us.' Sea Banner bought Hamleys from the French company for £10 million in 2015. This is the fourth time that Hamleys has changed ownership since it was bought by Reliance.
It needs to be made clear how much the current deal is worth, but according to some reports, the deal has been settled for more than six and a half million pounds. Is this the most expensive wedding in the history of India?
Thanks, big brother!
The Hamleys store on Regent Street in London was established in 1881 Hamleys, the oldest toy store, was established in 1760 and now has 167 stores in 18 countries around the world. Mukesh Ambani's Reliance operates 88 Hamleys stores across 29 cities in India. According to Forbes magazine, Mukesh Ambani, one of the wealthiest men in the world, has a net worth of more than $50 billion.
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