How Sir Richard Branson’s Virgin Group makes money and what it’s worth today March 21, 2024 City A.M. has taken a look at what Virgin Group still owns and what companies pay to use the brand's name.
Virgin Active to ‘refocus on growth’ after losses of nearly £150m revealed March 13, 2024 Virgin Active is to "refocus on growth" after seeing its losses widen to nearly £150m despite its revenue jumping by almost 50 per cent.
Richard Branson ‘set for £650m payout’ from potential Nationwide takeover of Virgin Money March 10, 2024 Sir Richard Branson is set to receive upwards of £650m from a potential takeover of his challenger bank Virgin Money by Nationwide, it has been estimated.
Richard Branson gifts holiday of a lifetime to Post Office scandal victim January 8, 2024 Business magnate and founder of the Virgin Group, Richard Branson has given away a free luxury holiday and a chance to stay on his private island to one of the most high-profile victims of the Post Office scandal. Alan Bates, who played a crucial role in bringing the misjustice to light, is understood to have [...]
Virgin Galactic is set to fly tourists to the stars – but can space tourism become more than a hobby for the super rich? August 7, 2023 Richard Branson’s Virgin Galactic is set to launch its first tourists to space on Thursday this week. The Galactic 02 mission, which follows the successful launch of the companies’ first commercial flight in June, will carry three paying customers – an 80-year old Olympian and a Caribbean mother-daughter duo. Launching from Spaceport America in New [...]
Rich list: Richard Branson and Rishi Sunak see fortunes shrink – but who are the wealthiest Brits now? May 19, 2023 The billionaire Hinduja family have topped the Sunday Times Rich List for the second year in a row as their fortune jumped by more than £6 billion. Gopi Hinduja and his family, which is behind the Indian conglomerate Hinduja Group, were named as Britain’s richest just days after Mr Hinduja’s brother Sri died. For the [...]
Has Branson’s satellite dream been grounded? Virgin Orbit files for bankruptcy in the US April 4, 2023 Sir Richard Branson’s satellite launch firm Virgin Orbit has filed for Chapter 11 bankruptcy in the US after failing to secure rescue funding. It comes after a Virgin Orbit rocket failed to complete the first satellite launch from UK soil in January. On Tuesday, the business lodged a filing with the US Bankruptcy Court for [...]
Down to earth for Branson’s Virgin Orbit satellite firm as funding dries up and 85 per cent of staff are cut March 31, 2023 Sir Richard Branson’s satellite launch firm Virgin Orbit is to cut 675 jobs – about 85% of its workforce – after failing to secure new funding. The entrepreneur has said he will inject almost £9 million to go towards severance costs. It comes amid reports from the Financial Times that Virgin Orbit’s chief executive Dan [...]
Branson: Britain doesn’t appreciate private enterprise – and don’t call me a billionaire January 9, 2023 SIR RICHARD BRANSON has warned the UK no longer appreciates entrepreneurship – as he prepares the UK’s first ever rocket launch. Virgin Orbit is set to send a 747 named Cosmic Girl to 40,000 feet as soon as this evening – taking off from a spaceport in Cornwall – at which point it will then release a [...]
Sir Richard Branson: No new investment in Brexit Britain December 13, 2022 Sir Richard Branson has ruled out investing new cash in the UK for the foreseeable future, claiming the economy has been hamstrung by trade barriers and “red tape” brought on by Brexit.