Virgin Group Ltd. is a British multinational corporation venture capital conglomerate founded by entrepreneurs Sir Richard Branson and Nik Powell.
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 was estimated at £5â€"5.5 billion as of November 2014.
Video Virgin Group
Name
The brand name "Virgin" arose when Richard Branson and Nik Powell formed a record shop. They considered themselves virgins in business. Branson has described the "V" in the logo as an expressive tick, representing the Virgin seal of approval.
Maps Virgin Group
Logo
The urban myth of the Virgin logo being scribbled on the back of a napkin during its inception is contested by the company. The original logo was a completely different design intended to be used for the record company that was founded by Richard Branson and Nik Powell. After signing the Sex Pistols to the label it was clear that there would need to be a rethink on the design. Today the Virgin logo is a standardised font named NASA which is used throughout all of the Virgin products.
History
Virgin Group announced the establishment of Virgin Cruises on 4 December 2014 with financial backing from Bain Capital. The cruise line would be lead by CEO Tom McAlpin, would have two new large ships built and be based in the Miami/Fort Lauderdale area.
Corporate affairs
Virgin Group has its headquarters at The Battleship Building in the Paddington district of the City of Westminster. Previously it was in The School House in the London Borough of Hammersmith and Fulham.
The Virgin Group of companies have a complex structure that contains elements of a generic conglomerate and a keiretsu, and sometimes it simply licences its brand. Examples of licensing are Virgin Records (now owned by Universal Music Group) and Virgin Media (now owned by Liberty Global).
In mid-May 2013, the Virgin Group expressed its intention to seek out opportunities in Australia's healthcare industry to consolidate on the Group's Australian fitness centres. The Group also runs over 100 National Health Service (NHS) services in the United Kingdom and the healthcare division of medical services group Assura after entering the British healthcare industry in 2011.
Subsidiaries and investments
Formerly owned ventures
- Absolute Radio: formerly Virgin Radio UK, rebranded in 2008
- Air Nigeria: Nigerian national airline launched as Virgin Nigeria, shares sold in 2010
- Liquid Comics: comic book producer formerly known as Virgin Comicsâ€"sold to management in 2008
- Vie at Home: cosmetics retailer formerly known as Virgin Vie, sold to management in 2009
- Virgin America: North American airline, sold to Alaska Air Group on 14, Dec 2016
- Virgin Brides: retailer specialising in bridal wear
- Virgin Cars: online car retailer, ceased trading in 2005
- Virgin Charter: online marketplace of private aircraft seat bookings
- Virgin Cinemas: sold to UGC in 1999
- Virgin Digital Help: technical support
- Virgin Drinks: drink manufacturer
- Virgin Cola: carbonated cola soft drink
- Virgin Vodka: alcoholic beverage
- v-Mix: spirit mixers
- Virgin Electronics: electronics retailer
- Virgin Energy: joint venture energy provider, sold to EDF Energy
- Virgin Express: airline based in Brussels, merged with SN Brussels Airlines in 2006 to form Brussels Airlines
- V Festival: an Australian version of the V Festival
- Virgin Festival: a North American version of the V Festival
- Virgin Films: film production company
- Virgin Games: sold to Gamesys in 2013
- Virgin Green Fund: shut down in 2014
- Virgin Interactive: Game Developer and publisher, bought by various companies, and renamed Avalon Interactive in 2003
- Virgin Limousines: a former limousine service that operated mostly in the USA and Canada. It operated for 14 years, until November 2010.
- Virgin Media (including Virgin Mobile UK): UK Cable TV, broadband internet and Fixed and Mobile telephony providerâ€"bought by Liberty Global
- Virgin Mobile Australia: mobile phone service provider in Australiaâ€"shares sold to Optus in 2006
- Virgin Mobile Canada: mobile phone service provider in Canadaâ€"shares sold to Bell Mobility in 2009
- Virgin Mobile France: mobile phone service provider in Franceâ€"shares sold to Numericable-SFR in 2014
- Virgin Mobile India: mobile phone service provider in Indiaâ€"shares sold to Tata Teleservices in 2015
- Virgin Mobile USA: mobile phone service provider in the USAâ€"shares sold to Sprint Corporation in 2009
- Virgin Money Australia: sold to Bank of Queensland
- Virgin Money US: sold in 2010
- Virgin One account: shareholding sold to co-owner (RBS) in 2003
- Virgin Sun Airlines: scheduled and charter airline, closed in 2001
- Virgin Play: Spanish game distributor and publisher, filed for liquidation and closed in 2009
- Virgin Trains ExpressCoach: former operator of inter-city bus & coach services
- Virgin CrossCountry: former operator of the Cross Country railway franchise in the United Kingdom, services transferred to Arriva in 2007 (51%)
- Virgin EMI Records: soundtrack labelâ€"owned by Universal Music Group
- Virgin Records: American music soundtrack label
- Virgin Racing: Formula One motor racing team
- Virginware: clothing retailer
- Virgin Wines: online wine market, sold to Direct Wines in 2005
See also
- London portal
- Companies portal
References
External links
- Official website
- Virgin Group on Facebook
- Virgin Group on Twitter
- Virgin Group on Instagram
- Virgin Group on Google+
0 Comments