Reliance in talks to buy Hamleys

Asia’s richest person Mukesh Ambani  is in talks to buy loss-making British toy store chain Hamleys which is now owned by Chinese fashion retailer  C Banner  who bought the  Hamleys in 2015 for £100m in cash.

Reliance, the retail arm of Reliance Industries  currently has a licence to sell Hamleys products in India.