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The Virgin Group sought to sell its UK and Ireland stores during 2007, and on 17 September 2007, it was announced that the UK and Ireland arm of the Virgin Megastores brand was to break away from the Virgin Group. A management buy-out offer was accepted. [50] Stores were rebranded as Zavvi.
Virgin Megastores was a retail chain that operated in the United Kingdom from 1971 to 2007. The company was established by Richard Branson, originally as a small record shop, and became a national chain. In 2007, the company was sold to management, and was rebranded as Zavvi. Zavvi entered administration in 2008 and subsequently closed.
Virgin Group [1] is a British multinational venture capital conglomerate founded by Richard Branson and Nik Powell in February 1970. Virgin Group's date of incorporation is listed as 1989 by Companies House, who class it as a holding company; however, Virgin's business and trading activities date back to the 1970s. The net worth of Virgin Group ...
Virgin Media O2 has expanded access to the National Databank to an additional 70 locations across the UK as it looks to boost access to mobile data to those who need it this Christmas.
A Zavvi store in Newcastle upon Tyne.. In September 2007, it was announced that the UK arm of the Virgin Megastores brand was to break away from the Virgin Group. [4] A management buyout offer was led by managing director, Simon Douglas, and finance director, Steve Peckham, reportedly for just £1.
A Virgin Money store on Briggate in Leeds Interior of Virgin Money's Manchester lounge. Virgin Money's logo is focused around the main logo of Virgin Group, which is an underlined word 'Virgin' in a red circle. The most recent version of the logo was adopted in December 2019 and has the word "Virgin" in a red circle forming the letter O in the ...
1988 – Virgin launches Virgin Classics, another Virgin international record label specializing in high-quality classical music. 1988 – Virgin sells some of its smaller UK retail stores and puts more money into Virgin Megastores, opening new stores both in the UK and abroad. 1988 – Virgin sets up Virgin Broadcasting. [citation needed]
The Zavvi deal ONLY concerns the UK/ire stores which the Virgin Group still had. For example the Virgin Megastores in the USA are still (and will still be called) Virgin Megastores even though the Virgin Group sold these stores in August.