Mukesh Ambani buys Hamleys

WANG ZHAO / AFP

India’s richest man has bought Hamleys. 

Mukesh Ambani paid an undisclosed sum to purchase the famous British toy retailer. 

The Indian tycoon’s Reliance Brands Limited announced that it had signed an agreement to buy the company from China's C Banner International. 

Hamleys was founded in 1760 and has close to 170 stores around the globe. 

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