Chinese company C.banner wants to buy iconic UK toy store HamleysStaff writer ▼ | October 26, 2015
C.banner International Holdings, the Chinese footwear company, is to buy the 255-year-old British toy retailer Hamleys for around 100 million pounds ($154.1 million).
Possible acquisition $154.1 million for toy store
It said it was "in the process of negotiating and finalizing the definitive documentation with a view to entering into a legally binding agreement in the near future". It said it had not entered into any definitive agreement with the seller.
A specialist women's footwear retailer selling under brands including MIO and Sundance, C.banner is also believed to be working on a partnership to distribute toys and children's products via the British department store House of Fraser, which was bought by Chinese conglomerate the Sanpower Group last year. ■