Retail in Asia

In Sectors

Hamleys sets up shop in Mumbai

Hamleys, the 250-year-old UK-based toy retailer, on 8 April opened its first store in Mumbai in a franchise agreement with Reliance Retail, a wholly owned subsidiary of Reliance Industries Ltd. The tie-up is valid for 20 years. The company plans to invest INR150 crore (INR1.5 billion, USD33.7 million) over the next seven years to set up 20 more stores across the country, including in tier-II cities.