Virgin Group Ltd. is a British multinational branded venture capital conglomerate company founded by business tycoon Richard Branson. Its core business areas are travel, entertainment and lifestyle and it consists of more than 400 companies worldwide.
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 to the 1970s. The net worth of Virgin Group as of September 2008 was £5.01 billion.
... David Baxby is the current Co-CEO of the Virgin Group ... Baxby is currently based in Singapore in order to focus on Virgin’s increasing opportunities in Asia ... As Co-CEO of the Virgin Group, Baxby is responsible for the branded investing activities of the Virgin Group globally ...
... ventures AirAsia X — long-haul budget airline operating from Malaysia (16% owned by Virgin Group) Marussia F1 — a Formula One team established in 2010 ... Formerly called Virgin Racing, Virgin is still a part-owner, despite having sold naming rights to Marussia ... V Festival (Australia) — an Australian version of the V Festival Virgin Festival — a North American version of the V Festival Virgin Active — a health club ...
... Virgin Mobile was launched in November 1999 as a private joint venture between One2One (later T-Mobile) and the Virgin Group ... network bandwidth from One2One and re-selling it under the Virgin Mobile brand, making it significantly cheaper to run than if Virgin operated its own ... In 2004 Deutsche Telekom sold their 50% holding in Virgin Mobile to the Virgin Group, with the agreement that if the company were to become public in the ...
... On 12 September 2008 the XL Leisure Group which owned Travel City Direct went into administration, and subsequently shut down operations after the administrators could not secure funding for XL ... Unlike the previous incarnation used by the collapsed XL Leisure Group, which had dedicated flights for Travel City Direct into Orlando Sanford, Travel City Direct will ...
... into the United Kingdom via two related transactions with Richard Branson's Virgin Group, acquiring 77 troubled Our Price music stores for a symbolic £2, and inturn gaining ... Brazin paid £7.7 million (A$21.8 million) to the Virgin Group while getting that exact amount back from Virgin for tax reasons ... per cent increase in music revenues from day one." Further to the deal, Virgin would get 1 per cent of all turnover in the stores in conjunction to offering Brazin a £2 million loan ...
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