Hong Kong fashion retailer to buy iconic British toy shop Hamleys

C banner International Holdings

22/10/2015 08:04

HONG KONG, Oct 22 (Reuters) - C.banner International 
Holdings Ltd  1028.HK , a Hong Kong-based women's footwear 
retailer, will buy the British toy shop Hamleys for around 100 
million pounds ($154.32 million), a source with direct knowledge 
of the deal said on Thursday. 
    C.banner will announce the deal shortly, the source said, 
declining to be identified because the deal is not yet public. 
    The deal comes as Chinese leader Xi Jinping is visiting the 
UK to promote business ties between the two countries. 
    A spokesman for C.banner declined to comment.  
($1 = 0.6480 pounds) 
 
 (Reporting by Lawrence White; Editing by Ryan Woo) 
 ((lawrence.white@thomsonreuters.com; +852 2847 2094; Reuters 
Messaging: lawrence.white.thomsonreuters@reuters.net)) 
 
Keywords: C.BANNER HAMLEYS/