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

Bar & Bench May 11 2019
Reliance acquires Hamleys

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.
Regulatory Moin Ladha 
Competition Anisha Chand 
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.