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By Jon Rees. Sir Richard Branson is understood to want more than just the European operations of Virgin Records, which is set to be sold by Universal Music, as Financial Mail revealed last week. Branson has teamed up with Patrick Zelnik — who launched Virgin Records in France in the s and now runs an independent label.

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Born on July 18,in Surrey, England, Richard Branson struggled in school and dropped out at age 16—a decision that ultimately led to the creation of Virgin Records. Branson is also known for his adventurous spirit and sporting achievements, including crossing oceans in a hot air balloon. His father, Edward James Branson, worked as a barrister.

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Sir Richard Branson is the flamboyant entrepreneur behind the Virgin brand, which began with Virgin Records in The tycoon is the founder and chairman of the Virgin Group, which employs nearly 70, people in 35 countries through its plus companies. Branson's companies include or have included airlines, wireless communications, radio stations, hotels, health clubs, financial services businesses, the nightclub Heaven, renewable technologies, a Formula One team and even a space tourism company.

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Stocks rose on Thursday as global bond yields rebounded while investors digested better-than-expected trade data out of China. The dramatic scramble for U. Kraft Heinz new CEO Miguel Patricio says "the level of decline we experienced in the first half of this year is nothing we should find acceptable.

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Virgin Megastores is an international entertainment retailing chain, founded in early by Sir Richard Branson as a record shop on London 's Oxford Street. Bycurrent operations are exclusively in the Middle East and in North Africa, consisting of approximately 40 stores. Richard Branson and Nik Powell had initially run a small record shop called Virgin Records and Tapes on Notting Hill GateLondonspecialising particularly in " krautrock " imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer.

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The company has also completed its third phase of testing achieving historic test speeds of kilometers per hour. As the founder of Virgin Group, Branson brings an unparalleled proven track record in delivering technology breakthroughs and transformative experiences in air, rail, and space transportation. Branson joined the Virgin Hyperloop One board of directors in October after Virgin Group invested in the company and formed a global strategic partnership.

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Sir Richard Branson yesterday severed his last remaining link with the high street, offloading his Virgin Megastore chain at a time when record shops are under unprecedented pressure from the internet and supermarkets. The sale of stores throughout the UK and Ireland to a management buyout group for an undisclosed sum marks a final retreat from the music industry after more than 35 years. After setting the company up as a mail order business inSir Richard opened the first Megastore in Oxford Street, London, the following year and founded the Virgin record label inselling millions of vinyl copies of Mike Oldfield's Tubular Bells.

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Outside of the traditional major labels, Virgin is probably the one record company the person in the street will be aware of. And that is, of course, due to the charisma of its founder, Richard Branson. No matter how many years have passed since he tended the day-to-day, or the fact that a team of people, most notably Simon Draper and Nik Powell, ran the enterprise for him, the label is often associated solely with the adventures of Branson.

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Richard Branson owes his fortune to a conglomerate of businesses bearing the "Virgin" brand name, including Virgin Atlantic and Virgin Galactic. The son of a barrister and flight attendant, Branson got his start with a mail-order record business some 50 years ago. Alaska Air acquired his Virgin America airline ina move he opposed but didn't have the votes to stop.

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Capitol Music Group U. Today, the operations of Virgin Records America, Inc. Branson and Powell had initially run a small record shop called Virgin Records and Tapes on Notting Hill GateLondon, specialising particularly in " krautrock " imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer. After making the shop into a success, they turned their business into a fully fledged record label.

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