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Virgin Megastores is an international entertainment retailing chain, founded in early 1976 by Richard Branson as a record shop on London's Oxford Street.. In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. [1]
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 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. [5] [6] Zavvi became the largest independent entertainment retailer in the UK. [7]
Virgin lost out to music and mobile phone competitors such as The Link, The Carphone Warehouse, HMV and MVC, while the increasing popularity of online shopping rendered the in-store ordering terminals redundant. Despite this, the Virgin Group continued to rebrand Our Price stores to VShop, and by April 2001, 100 Our Price branches had been ...
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]
Virgin StartUp is the Virgin Group's non-profit company, helping entrepreneurs across the UK to start, fund and scale their business. In 2013, Branson visited Boxpark in Shoreditch, London, to launch the new organisation, revealing that he wanted to support anyone that had the same dreams and ambitions that he did as a young boy: “It was £ ...
The New York Virgin Megastore in Union Square is closing in late May or early June (a closing sale has already begun) and the Times Square Megastore is.
Nisreen is the Ex-CEO for the Middle East at YOOX NET A PORTER GROUP, ex-CEO of Virgin Megastore and Virgin Mobile, as well as a board member of Magrabi Retail Group and IKEA KSA. She has over 30 years in various sectors that include retail, media, technology, fashion, telecommunications, and e-commerce across six global markets.
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