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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]
Nov 30, 2018 · Richard Branson has grown the Virgin Company from an upstart record label to one of the world’s most well-known brands. ... Branson is forced to sell Virgin Records for a reported $1 billion ...
Country of origin. United Kingdom. Virgin Records is a British record label owned by Universal Music Group. They were originally founded as a British independent record label in 1972 by entrepreneurs Richard Branson, Simon Draper, Nik Powell, and musician Tom Newman.
May 23, 2013 · So Virgin became the name of the company Branson started in 1970 to sell discounted and import records via mail-order. The following year, a postal strike nearly put him out of business and forced ...
- Pierre Perrone
Jul 12, 2019 · A delayed flight was Richard Branson's source of inspiration. ... On the phone, Boeing asked which company he was with. To which he replied, having already founded Virgin Records, “Virgin.”
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Richard Branson’s story. Richard Branson is Founder of the Virgin Group. Virgin is one of the world’s most irresistible brands and has expanded into many diverse sectors from travel to telecommunications, health to banking and music to leisure. Having started Virgin as a mail order record retailer in 1970, Richard founded Virgin Records.
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Apr 2, 2014 · British entrepreneur Richard Branson launched Virgin Records in the early 1970s, eventually building his business into the multinational Virgin Group. Updated: Nov 02, 2021 4:00 PM EDT Photo: JB ...
