Mukesh Ambani, the wealthiest individual in India and the leader of Reliance Industries, is the owner of Hamleys, the world’s oldest toy emporium. Founded in 1760 by William Hamley, this storied toy haven, with a history spanning around 260 years, overcame numerous challenges before emerging successfully. Changes in ownership have also marked its journey.

Reliance Industries acquired the establishment in a full cash transaction valued at Rs 620 crore (equivalent to GBP 67.96 million).

In a disclosure filed with the Bombay Stock Exchange (BSE), RIL affirmed, “Reliance Brands will acquire the complete equity stake of ‘Hamleys Global Holdings Limited (HGHL)’ for a monetary consideration of GBP 67.96 million.”

William Hamley inaugurated the first store in Hall Bourne, London, in 1760. Later, in 1881, his grandson introduced a new toy emporium named Joy Emporium on Regent Street, earning accolades from Britain’s royal family.

Currently, Hamleys boasts a network of 100 stores dispersed across 36 cities, holding the distinction of being the largest toy retailer in the nation. Notably, more than half of the 190 global Hamleys outlets under Reliance’s ownership are situated in India. Hamleys’ toys have garnered fame among children and their caregivers worldwide.

Billionaire Mukesh Ambani has significantly amplified his international retail investments in recent years, expressing keen interest in acquiring new ventures to complement Reliance’s ambitious expansion plans for its retail enterprise.

Under the guidance of Mukesh Ambani and Isha Ambani, Reliance Retail has achieved a remarkable valuation of Rs 9,26,055 crore, as evaluated by the brokerage firm Bernstein.

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