Saturday 8 May 2021
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scmp - 25 days ago

How Indian billionaire Mukesh Ambani plans to revive British toy store chain Hamley’s

A struggling 261-year-old UK toy store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about one-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 India to more than 500 in three years despite the pandemic, according to Darshan Mehta, chief executive officer of Ambani’s Reliance Brands. Besides the main growth…


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