The chief executive of Hamleys is to step down from his role at the end of the month.
The report from Sky News suggests that David Smith is expected to leave his post at the end of the month – seven months after being recruited by the new Indian owner of the world-famous toy retailer. Reliance industries purchased Hamleys in May 2019 for around £70m.
The reasons for which the former Debenhams and Body Shop executive is to leave the company are currently unknown.
However, like many retailers, sales at Hamleys have been negatively impacted by the outbreak of Covid-19.