ONE of the world's most famous toy stores is on the verge of going back into private ownership.
Hamleys confirmed two of its directors were planning a management buy-out (MBO) to take over the Regent Street toy store group.
John Watkinson, chief operating officer, and finance director Ian Parker are heading the buy-out, which could value the group at more than £30m. In a statement to the London Stock Exchange, Hamleys said: "Matters are at a very early stage and this may or may not lead to an offer being made."
Hamleys said a committee of independent directors had been set up to consider any proposal put forward regarding the MBO.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article