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Hamleys reaches endgame under Chinese owner

Hamleys reaches endgame under Chinese owner

Business
The Chinese owner of Hamleys, the world's most famous toy retailer,‎ has begun exploring a sale of the company just days after reporting multimillion-pound losses. Sky News has learnt that C.banner International, which is listed on the Hong Kong Stock Exchange, has launched a strategic review of Hamleys, which it bought three years ago.The review, which was prompted by several expressions of interest in a takeover from unnamed parties, is at a preliminary stage and might not lead to a formal sale process, according to a City source.News of C.banner's‎ decision to explore options for Hamleys throws the future ownership of the toy retailing giant into doubt just before its crucial Christmas trading period gets under way.Vermilion Partners, a corporate finance firm w...