Hamleys toy chain sold to French firm Groupe Ludendo
17 September 2012
The 250-year old toy chain Hamleys has been taken over by a French toy retailer for a reported £60m.
The chain, whose flagship store on London’s Regent Street calls itself the biggest toy shop in the world, has a total of eight outlets in the UK and Ireland and stores around the world.
The buyer, Groupe Ludendo, has 300 toy stores in France, Spain, Belgium and Switzerland.
Hamleys was mainly owned by the nationalised Icelandic bank Landsbanki.
It is auctioning its assets to return money to its shareholders.
The bank took control of Hamleys when its previous majority shareholder, the Icelandic….”