‘Magician’ Mallya Attempting to Cut Debt Offers Luxury

‘Magician’ Mallya Attempting to Cut Debt Offers Luxury

Pankaj Nangia/Bloomberg

A man sweeps outside a liquor store with billboards advertising United Spirits Ltd.'s Black Dog and Whyte & Mackay brands of whiskey in New Delhi, India. Mallya has acquired Glasgow, Scotland-based Whyte & Mackay Ltd. for $1.2 billion.