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    Mallya enters high-end retail

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    Fascinated by the high-end brands entering the country, , the world’s third-largest maker of alcoholic spirits, has entered the business of high-end retail.

    The group will hold 55 per cent stake in the Collection, a shopping mall that will exclusively retail high-end luxury brands, coming up in Bangalore. The rest of the stake remains with the property developers Prestige Estates.

    Louis Vuitton, a French luxury brand, has been roped in as the anchor along with other high-end tenants including , , Mont Blanc, Van Cleef & Arpels, , and .

    Located on No 1, Vittal Mallya Road, named after his late father, the mall is expected to open in early 2008.

    The project will include a 250-room JW Marriott hotel, serviced apartments and office space, already leased to Citigroup, , , , 3M, Ernst&Young and .

    led UB Group, the world’s third-largest maker of alcoholic spirits, business of high-end retail.the Collection, a shopping mall that will exclusively retail high-end luxury brands, Prestige Estates. Louis Vuitton, Gucci, Fendi, Mont Blanc, Van Cleef Arpels, Zegna, Rolex and Omega. India Retail, Indiaretailing