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Mukesh Ambani, Asia's Richest Man, Rebuilds A 261-Year-Old British Icon


Mukesh Ambani, Asia s Richest Man, Rebuilds 261-Year-Old British Toystore
Mukesh Ambani, Asia s Richest Man, Rebuilds 261-Year-Old British Toystore
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.
Mukesh Ambani, 63, bought Hamleys in 2019 to strengthen his retail footprint. (File)
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.   ....

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Asia's richest man rebuilds 261-year-old British icon


MUMBAI (BLOOMBERG) - 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 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 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 market, the company is also adding stores from Europe to South Africa and China, he said in an interview. ....

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


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 Africa and China, he said in an interview. ....

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Mukesh Ambani, Asia's richest man rebuilds a 261-Year-old British icon


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 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 Africa and China, he said in an interview. ....

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