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In 1992, to keep his airline company afloat, Branson sold the Virgin label to EMI for £500 million. [40] Branson said that he wept when the sale was completed because the record business had been the very start of the Virgin empire. He created V2 Records in 1996 to re-enter the music business, owning 5% himself. [41]
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 Atlantic, a trading name of Virgin Atlantic Airways Limited and Virgin Atlantic International Limited, is a British airline with its head office in Crawley, West Sussex, England. The airline was established in 1984 as British Atlantic Airways , and was originally planned by its co-founders Randolph Fields and Alan Hellary to fly between ...
Even though the giant US airline Delta has a 49 per cent share in Virgin Atlantic, the carrier’s founder spent over £1bn keeping the brand – and the dream – alive.
Below is the transcript of an exclusive CNBC interview with Sir Richard Branson, Virgin Founder, and CNBC's Nancy Hungerford.
Seas this opportunity. Sir Richard Branson, the founder of Virgin Airlines and its parent company Virgin Group, is venturing into the deep sea with a new cruise line called Virgin Voyages. The ...
2005 – Virgin Express merges with Sn Brussels Airlines to form Brussels Airlines. Virgin retains minority share. 2005 – Virgin Active UK acquires Holmes Place; 2006 – Virgin announces Virgin Fuel, a new company to produce a clean fuel in the future; 2006 – Virgin Active Spain is Launched [citation needed]
It's safe to say that Sir Richard Branson, founder of Virgin Group, knows very well what he's doing when it comes to entrepreneurial endeavors.