Reliance Retail to set up 20 toy stores

Reliance Retail, which has a tie-up with UK-based toy retailer Hamleys, said it plans to invest Rs 150 to launch 20 toy stores in the next seven years. “We plan to open 20 Hamleys stores across the country with a total investment of Rs 150 crore over the next seven years,” said Bijou Kurien, president and chief executive (Lifestyle) at Reliance Retail. He added that the organised toy market in the country, estimated at Rs 1,500 crore is poised for a healthy growth.