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Hamleys sees profit skyrocket with new stores in sight Friday, 7th December 2012
Hamleys on Thursday announced a 250 per cent leap in pre-tax profits as the famous retailer continued to expand its presence in the UK and overseas. Pre-tax profits for the year to 31 March rose more than 250 per cent to £2.3 million for the toy specialist, with sales in the UK and Ireland up 3.8 per cent on last year in total and 6.3 per cent on a like-for-like basis.
European toy specialist bags Hamleys for a rumoured £60m Monday, 17th September 2012
Groupe Ludendo has sealed the deal on the acquisition of Hamleys for a sum believed to be in the region of £60 million.
Top retailers dominate seminar programme at Retail Business Technology Expo 2012 Monday, 12th March 2012
The Retail Business Technology Expo is kicking off today with a host of world-class retailers and industry experts slated to attend.
Hamleys to redesign flagship Regent Street store Monday, 27th February 2012
One of the world’s most famous toy retailers has announced plans to redesign its Regent Street store in central London. Interior Architects, a Pudsey-based firm, have been appointed to head the Hamley's refurbishment, after working on its Glasgweigan store and head office. Read more on the story as reported by The Business Desk (registration required).
Hamleys bins gender specific store signs Tuesday, 13th December 2011
Feminist groups are celebrating a victory in their campaign to stop gender stereotyping in Hamley’s after signs in its girls’ and boys’ toy departments were altered to reflect particular types of toys, rather than who should be playing with them.
Hamleys gets festive with bumper Christmas offers Monday, 5th December 2011
Deck the halls with Hamleys this year, as the historic toy retailer is set to reveal 12 offers to help Santa Claus in December. Each offer will be emailed to Hamleys’ database in the run-up to Christmas. The first offer was on Lego and Hamleys offered discounts on the Lego Star Wars Millennium Falcon, the Lego Harry Potter Hogwarts Express, the Lego Star Wars Naboo Starfighter, the Lego Star Wars Republic Frigate and the Lego Star Wars Battle of Naboo.
Hamleys plays dress up for October Wednesday, 12th October 2011
The world famous toy store will be spending this month in a fantasy dressing up box, as it takes it’s Let’s Play programme into autumn. Young shoppers will be able to transform into princesses, knights in shining armour, witches and magicians thanks to Hamleys' Let’s Play Make Believe.
Landsbanki has enough assets to fully cover Icesave debt Friday, 2nd September 2011
It has been reported that recoveries made from the bankrupt estate of Iceland's Landsbanki will cover UK and Dutch deposits in Icesave with surplus.
The approximate value of Landsbanki's asset portfolio, which includes retailers such as Iceland Foods and Hamleys, is £70 million more than the total sum of priority claims in the insolvency estate.
Updated information on the estimated value of the asset portfolio of Landsbanki Íslands hf. (LBI) as of 30 June 2011 were presented to the bank's creditors yesterday. According to a statement from the Resolution Committee of Landsbanki, some major achievements have been made in recovering assets in the second quarter. The estimated increase in the value of the bank's asset portfolio over the previous quarter amounts to over £243.3 million (ISK 45 billion). Measured in foreign currencies, the real increase over the past quarter is over £172.9 million (ISK 32 billion), with the greatest share of this difference due to exchange rate movements.
The estimated value of the bank's 67 per cent holding in the retail chain Iceland Foods was not adjusted during this period. However, the bank's stake, together with the 10 per cent holding of Glitnir hf., is in a joint sales process.
Landsbanki's exact valuation of it's stakes in Iceland and Hamleys is not yet known, however Icelandic weekly business paper Vidskiptabladid reported in May of this year that the Icelandic bank valued its stake in Iceland Foods at £348.6 million (ISK 64.5 billion) according to an update of the estate's shares for the first three months of 2011.
Considering that the total valuation of Landsbanki's stake in Iceland Foods is close to £540 million or (ISK 100 billion) which is far from the approximately £1.6 billion - £2.1 billion price tag that British media has previously reported.
If that estimation is accurate, Landsbanki will receive 3-4 times more for its shares than it currently has outlined in its accounts. The corresponding figure amounts to somewhere in the region of £1 billion - £1.4 billion.
Sources close to the Icelandic Government say that there is increased pressure on Landsbanki to sell it´s assets in the very near future so that the Icesave situation can be rectified.