MUMBAI: Mukesh Ambani, Asia’s richest man, sealed another deal to expand his retail footprint and add heft in a battle with Amazon.com Inc. and Walmart Inc. in India.
Reliance Brands Ltd. agreed to purchase the 259-year-old British toy store chain Hamleys from C.Banner International Holdings Ltd. for an undisclosed amount, the unit of Ambani’s Reliance Industries Ltd. said in a statement late Thursday.
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