NEWS

Sky reports that potential suitors are circling Hamleys

Published on: 14th December 2018

The Entertainer, Smyths and Sports Direct owner Mike Ashley are all said to have expressed interest in a takeover of Hamleys.

Sky News has issued a report which claims that several retailers have told advisers to C.banner International, the current owner of Hamleys, that they are considering bids for the business. These retailers are said to include The Entertainer, Smyths and Sports Direct owner Mike Ashley.

Formal bids for Hamleys are not due until after Christmas, reflecting the importance of the festive trading season to the company’s fortunes.

Hong Kong-listed C.banner, which paid about £100m for Hamleys three years ago, is said to want about £90m for the company, which reported a multimillion pound annual loss in October.

If a deal does take place, it would be Hamleys’ fourth change of ownership in 15 years following a succession of largely failed attempts by a range of international shareholders to expand the renowned brand globally.

One insider said that the strategic review had prompted expressions of interest in buying Hamleys from around the world.

RECENT ARTICLES

Hasbro retains master toy licences for Disney’s Star Wars and Marvel brands

Wow! Stuff’s Harry Potter Invisibility Cloak wins Innovation Award

Bob Iger to step down from Disney

Toy Industry members raise funds for Braintrust charity

ParcelHero issues advice to ease coronavirus impact

Toy Association announces new members at annual General Meeting

eOne names new licensing partners for PJ Masks in the US

Products from online marketplaces reportedly fail safety tests

Lego unveils new Minions range

Hape International donates funds to help combat coronavirus outbreak