2 publishers · first seen Thu, 29 Oct 2026 10:17 UTC · updated Thu, 29 Oct 2026 10:38 UTC
Reliance Industries Ltd has disclosed that its UK-based step-down subsidiary, Hamleys (Franchising) Ltd (HFL), is undergoing a voluntary strike-off process and will be dissolved no earlier than two months after October 27, 2026, following a gazette notice by the UK Registrar of Companies. The company will be removed from the corporate register unless objections are raised within the prescribed period. HFL reported a turnover of Rs 56.08 crore in calendar year 2025, contributing 0.0048% to Reliance's consolidated turnover for FY2025-26, with nil net worth as of December 31, 2025.
Reliance Brands Ltd, a subsidiary of Reliance Industries, acquired Hamleys Global Holdings Ltd from Hong Kong-based C Banner International Holdings in July 2019 for GBP 67.96 million. Founded in London in 1760, Hamleys is one of the world's oldest toy retailers, known for its Regent Street flagship store. The current process pertains only to the franchising subsidiary, with no changes announced to Hamleys' broader retail operations.
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