As the holiday season approaches, global toy makers brace for challenging times as shoppers in Europe and the United States prioritise essential goods over discretionary items, impacting the anticipated surge in holiday toy sales.

Economic struggles dampen holiday cheer for toy makers 

Hamleys, the world's oldest toy retailer, is set to pass from Chinese to Indian control after Reliance Industries Ltd said it had agreed to buy the British high street icon.

Chinese group set to sell Hamleys toy stores to Reliance Industries

Energy-to-telecoms conglomerate Reliance Industries Ltd said on Thursday it has acquired British toy retailer Hamleys, reported news agency Reuters. The company, through its subsidiary Reliance Brands Ltd, signed an agreement to pick up a 100 per cent stake in the toy retailer from C Banner International Holdings, a Hong Kong-listed company, the report said quoting a statement from Reliance on Thursday.

Reliance Industries buys global toy retailer Hamleys

hamleys

Hamleys, News on Hamleys, stories on Hamleys, articles on Hamleys, Hamleys stories at Wion, Hamleys news, Hamleys latest news