Article: BRIEFING - ASIA RETAIL - FEB 7, 2008.

An executive briefing on retail for Feb 7, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.

PHOENIX MILLS TO PICK UP 42PCT STAKE IN INDIAN RETAIL MALL

MUMBAI - Phoenix Mills Ltd (BSE:503100), which is engaged in textiles and real estate, on Tuesday announced that the company would acquire over a 42 per cent stake in Entertainment World Developers Pvt Ltd (EWDPL's), a tier II city centric retail mall.

Phoenix would acquire the stake through a combination of a fresh cash infusion to purchase equity in EWDPL and by a merger of certain ...

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