Khaitan, Slaughter act on Reliance acquisition of Hamleys for 620 crore
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Khaitan, Slaughter act on Reliance acquisition of Hamleys for 620 crore

Bar & Bench

Mukesh Ambani-led Reliance Industries is acquiring iconic British toy-maker Hamleys for 67.96 million pounds (around Rs 620 crore) in an all-cash deal.

Hamleys is currently owned by Chinese fashion conglomerate C Banner International, which had acquired it for 100 million pounds in 2015.

Khaitan & Co and Slaughter and May acted for Reliance Industries.

Khaitan & CoPartnerAssociates
CorporateRahul Dutt and Akshay BhargavPrincipal Associate Vinita Choudhury, Senior Associate Shreya Dua and Associate Krishna Shah.
RegulatoryMoin Ladha 
CompetitionAnisha Chand 
Direct Tax Ritu Shaktawat 
Indirect TaxDinesh AgarwalPrincipal Associate Mayank Jain
Intellectual PropertyAdheesh Nargolkar and Shailendra Bhandare

The Slaughter and May London office led the transaction.

Slaughter and MayPartnerAssociates
CorporateNilufer Von BismarckFrancesca Harris and Hayden Cooke
TaxSara LuderJamshed Bilimoria
Intellectual PropertyCathy ConnollyRichard McDonnell and Charles MacRae
Pensions and EmploymentPhil LinnardLucy Duane
Real EstateJane EdwardeBen Redding and Luther Goh-Mah
Competition LawClaire Jeffs
 Sarah Jackson

Hamleys started with a single-store shop, Noah’s Ark, in 1760. It now has 167 stores across 18 countries. Besides the UK, it has stores in China, Germany, Russia, India, South Africa and West Asia, reported ET.

To be updated.

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