Topic summary

Virgin Megastores

Virgin Megastores

Virgin Megastores is a British-based international entertainment retailing chain, founded in early 1976 by Richard Branson as a record shop on London's Oxford Street.

In 1979 the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. The company expanded to hundreds of stores worldwide in the 1990s, but lost a large number of stores during the 2010s, largely with the sale and eventual closing of the European, North American, Australian, Japanese and Chinese stores. In 2007, it closed all UK stores. By 2015, it operated only in the Middle East and in North Africa.