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Alki David

May 15, 2019

Asia’s richest man buys UK’s Hamleys for $88 million, Coca Cola heir arrested after $1.3 million in cannabis found on private jet, and billionaire Barclay brother sues French writer over play.

Asia’s richest man buys UK’s Hamleys for $88 million.

British toy maker Hamleys has been sold to Asia’s richest man, Mukesh Ambani, for £68 million ($88 million)—the latest in a string of retail acquisitions by his family conglomerate, Reliance Industries.

Ambani’s Reliance Brands, a subsidiary of Reliance Industries, announced it had bought the 260-year-old toy retailer from Hong Kong-listed Chinese fashion firm C Banner International Holdings.

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