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Richest man in Asia buys British toy-store chain

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Mukesh Ambani, the richest man in Asia, agreed to buy 259-year-old British toy-store chain Hamleys.

Ambani's Reliance Brands Ltd. entered a deal to purchase the chain for $88.5 million in cash from C.Banner International Holdings Ltd.

Reliance already operates 88 Hamleys franchises in India.

Read more from Bloomberg.


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