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(i)

VIRGIN GROUP LTD. is a British multinational corporation venture capital conglomerate founded by entrepreneurs Sir Richard Branson
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 £5–5.5 billion as of November 2014.

CONTENTS

* 1 History * 2 Corporate affairs * 3 Subsidiaries and investments * 4 Formerly owned ventures * 5 See also * 6 References * 7 External links

HISTORY

The brand name "Virgin" arose when Richard Branson
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.

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
Richard Branson
and Nik Powell . After signing the Sex Pistols
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.

CORPORATE AFFAIRS

Virgin Group
Virgin Group
has its headquarters at The Battleship Building in the Paddington
Paddington
district of the City of Westminster
City of Westminster
. Previously it was in The School House in the London Borough of Hammersmith and Fulham
London Borough of Hammersmith and Fulham
.

The Virgin Group
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
Universal Music Group
) and Virgin Media
Virgin Media
(now owned by Liberty Global ).

In mid-May 2013, the Virgin Group
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
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.

Virgin Group
Virgin Group
announced the establishment of Virgin Cruises on 4 December 2014 with financial backing from Bain Capital
Bain Capital
. The cruise line would be led by CEO Tom McAlpin , would have two new large ships built and be based in the Miami/Fort Lauderdale area.

SUBSIDIARIES AND INVESTMENTS

COMPANY OWNERSHIP SECTOR

Virgin Active 20% Health

Virgin Atlantic
Virgin Atlantic
20% Travel

Virgin Australia Holdings 8% Travel

Virgin Books 10% Publishing

Virgin Care 100% Health

Virgin Connect 100% Media

Virgin Experience Days 100% Entertainment

Virgin Galactic
Virgin Galactic
33% Aerospace

Virgin Health Bank 100% Health

Virgin HealthMiles 100% Business Services

Virgin Holidays 100% Travel

Virgin Hotels
Virgin Hotels
100% Hospitality

Virgin Hyperloop One

High-speed rail

Virgin Limited Edition 100% Hospitality

Limobike 100% Travel

Virgin Megastores
Virgin Megastores
100% Retail

Virgin Mobile
Virgin Mobile
100% Communications

Virgin Money
Virgin Money
34% Banking

Virgin Oceanic

Leisure

Virgin Orbit 33% Aerospace

DS Virgin Racing 100% Motorsport

Virgin Radio
Virgin Radio
100% Entertainment

Virgin Rail Group 51% Travel

Virgin Sports 1% Sports

Virgin Trains East Coast 10% Travel

Virgin Unite 100% Charity

Virgin Startup 100% Charity

Virgin Vacations 100% Travel

Virgin Voucher 100% Retail

Virgin Voyages 100% Cruise line

Further information: List of Richard Branson\'s business ventures

FORMERLY OWNED VENTURES

* Absolute Radio
Absolute Radio
: formerly Virgin Radio
Virgin Radio
UK, rebranded in 2008 * Air Nigeria : Nigerian national airline launched as Virgin Nigeria, shares sold in 2010 * Virgin Airship and Balloon Company : Operating hot air balloons and airships for advertisers * Liquid Comics : comic book producer formerly known as Virgin Comics—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 Balloon Flights : offering hot air balloon flights to the public * 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
EDF Energy
* Virgin Express : airline based in Brussels
Brussels
, merged with SN Brussels
Brussels
Airlines in 2006 to form Brussels
Brussels
Airlines * V Festival - British music festival sponsored by the Virgin Group * 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
Virgin Media
(including Virgin Mobile
Virgin Mobile
UK ): UK Cable TV, broadband internet and Fixed and Mobile telephony provider—bought by Liberty Global * Virgin Mobile
Virgin Mobile
Australia : mobile phone service provider in Australia—shares sold to Optus in 2006 * Virgin Mobile
Virgin Mobile
Canada : mobile phone service provider in Canada—shares sold to Bell Mobility
Bell Mobility
in 2009 * Virgin Mobile
Virgin Mobile
France : mobile phone service provider in France—shares sold to Numericable-SFR in 2014 * Virgin Mobile
Virgin Mobile
India : mobile phone service provider in India—shares sold to Tata Teleservices in 2015 * Virgin Mobile
Virgin Mobile
USA : mobile phone service provider in the USA—shares sold to Sprint Corporation in 2009 * Virgin Money
Virgin Money
Australia : sold to Bank of Queensland * Virgin Money
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 ">

* ^ A B C "About us". Virgin.com. Retrieved 18 January 2015. * ^ A B Richard Branson
Richard Branson
. Losing My Virginity
Virginity
. ISBN 1-8522-7684-3 . * ^ "Our company information Archived 31 December 2008 at the Wayback Machine
Wayback Machine
.". Virgin Group. Retrieved 14 October 2013. "The Battleship Building, 179 Harrow Road, London W2 6NB" * ^ "Our company information Archived 31 December 2008 at the Wayback Machine
Wayback Machine
.." Virgin Group. Retrieved 14 January 2009. "The School House 50 Brook Green London, W6 7RR England" * ^ Kitney (20 May 2013). " Virgin Group
Virgin Group
eyes slice of Australia\'s $65bn healthcare market". The Australian . Retrieved 20 May 2013. * ^ Sampson, Hannah (23 June 2015). "Virgin Cruises to base first 2,800-passenger ship in Miami". The Miami Herald
The Miami Herald
. Retrieved 24 June 2015. * ^ Stieghorst, Tom (4 December 2014). " Richard Branson
Richard Branson
to enter cruise business". USA Today
USA Today
. Retrieved 24 June 2015. * ^ Armstrong, Ashley (13 November 2014). " Virgin Money
Virgin Money
float triggers £50m payment to George Osborne\'s coffers". The Daily Telegraph. London. Retrieved 19 May 2015.

EXTERNAL LINKS

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