Pursuits
Hamleys Gets Chinese Owner After Toy Store Sold for $153 Million
A Hamleys store on Regent Street in London, England.
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Hamleys, the 255-year-old U.K. toy store, is getting a new owner after Chinese footwear seller C.Banner International Holdings Ltd. agreed to acquire the retailer for 100 million pounds ($153 million).
C.Banner is buying the company from the U.K. arm of Ludendo, a French toy-shop operator that has owned Hamleys since 2012. It will fund the deal with internal resources and bank financing, according to a statement Thursday.