scorecardresearch
Follow Us:
Friday, December 03, 2021

Explained: What acquisition of Hamley’s means for Reliance

Reliance Retail's arm Reliance Brands announced purchase of 100 per cent stake in UK-based toymaker Hamleys, adding to the list of Reliance's portfolio ahead of the company's e-commerce foray.

, Edited by Explained Desk | New Delhi |
Updated: May 10, 2019 12:35:30 pm
Reliance, Reliance Industries, Mukesh Ambani, Reliance Jio, Reliance buys hamleys, uk toymakers hamleys, It is pertinent to note that Reliance already operated 85 Hamleys stores in India under a licensing agreement.

Reliance Retail’s arm Reliance Brands, which operates several marquee brands across the country, announced purchase of 100 per cent stake in UK-based toymaker Hamleys, adding to the list of Reliance’s portfolio ahead of the company’s e-commerce foray. It is pertinent to note that Reliance already operated 85 Hamleys stores in India under a licensing agreement.

List of Brands

Prior to the toymaker, Reliance had purchased fashion and lifestyle brand John Players from ITC and acquired a majority share in retail firm Genesis that had rights to sell major international brands such as Emporio Armani, Bottega Veneta, Jimmy Choo, among others.

Over the years, especially post the launch of Reliance Jio, the Mukesh Ambani-led Reliance Industries has significantly shifted its focus from industry-led businesses such as oil and petrochemicals to consumer-facing operations such as telecom and retail, and is now looking to leverage both of these aspects to make its mark in the online commerce segment.

Inorganic route

For its telecom and digital business too, Reliance has gone the inorganic way to expand. While RIL acquired Den Networks and Hathway Cable and Datacom to further its broadband network capabilities, the company and its arm Jio have acquired stakes in several firms to strengthen its content and technology offerings. These include music streaming app Saavn, production house Balaji Telefilms, AI-based education platform Embibe, AI startup Haptik, among others.

Don’t miss from Express Explained | From the Express archives: Rajiv Gandhi in Lakshadweep

📣 The Indian Express is now on Telegram. Click here to join our channel (@indianexpress) and stay updated with the latest headlines

For all the latest Explained News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard
0 Comment(s) *
* The moderation of comments is automated and not cleared manually by indianexpress.com.
Advertisement
Advertisement
Advertisement
Advertisement