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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 & Co||Partner||Associates|
|Corporate||Rahul Dutt and Akshay Bhargav||Principal Associate Vinita Choudhury, Senior Associate Shreya Dua and Associate Krishna Shah.|
|Direct Tax||Ritu Shaktawat|
|Indirect Tax||Dinesh Agarwal||Principal Associate Mayank Jain|
|Intellectual Property||Adheesh Nargolkar and Shailendra Bhandare|
The Slaughter and May London office led the transaction.
|Slaughter and May||Partner||Associates|
|Corporate||Nilufer Von Bismarck||Francesca Harris and Hayden Cooke|
|Tax||Sara Luder||Jamshed Bilimoria|
|Intellectual Property||Cathy Connolly||Richard McDonnell and Charles MacRae|
|Pensions and Employment||Phil Linnard||Lucy Duane|
|Real Estate||Jane Edwarde||Ben Redding and Luther Goh-Mah|
|Competition Law||Claire 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.