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Jul, 01 2007

Hamleys first store in India by 2008

Toy shop Hamleys looks to be nearing a deal which could see it open its first store in India, according to reports. Hamleys, owned by Icelandic investor Baugur, is understood to have identified a site in Delhi, as well as an Indian retail partner.

Toy shop Hamleys looks to be nearing a deal which could see it open its first store in India, according to reports. Hamleys, owned by Icelandic investor Baugur, is understood to have identified a site in Delhi, as well as an Indian retail partner. If the negotiations are successful, the toys giant could start trading in India as early as next year.

Baugur, which bought Hamleys in June 2003 for £47 m, has been looking to expand the chain and earlier this year announced plans to open sites in House of Fraser in major UK cities including Glasgow, Edinburgh, Manchester, Birmingham and Belfast.

It is also due to open its first stand-alone overseas store in Dubai later in the year, and holds franchise deals for four more stores in the Middle East. The group is also looking at entering the Chinese market.

Hamleys, which has its flagship store on Regent Street, currently has only a small presence overseas after Baugur introduced Hamleys concessions into three of its Magasin du Nord department stores in Denmark, the success of which led Baugur to roll out the brand across the UK.

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