Who owns virgin records

T he sprawling business empire that makes up Richard Branson's Virgin investment group consists of about operations, a tangled web of enterprises owned via a complicated series of offshore trusts and overseas holding companies. Branson's finances are difficult to penetrate because of their complexity and opaqueness, with few of his large companies wholly owned by Branson himself. In return, as the licence holder of the Virgin brand, he receives annual or triennial fees that can amount to hundreds of millions over time.

By forging partnerships with cash-rich allies, Branson has established new businesses without depleting the group's reserves and spending little to establish new ventures in sectors such as mobile telecoms.

But initiatives come straight from Branson, who prides himself on his ability to spot a gap in the market. He is not a numbers or a details man and leaves the everyday running of his firms to a group of lieutenants. He went into business in after leaving school at 16, publishing The Student magazine from the basement of a rented flat.

He rapidly expanded into the world of pop music, starting a mail-order business that sent records through the post to tens of thousands of teenagers, and set up Virgin Records, a chain of shops, with the first one opening off London's Oxford Street in Two years later he launched the Virgin Records label after clinching the rights to Mike Oldfield's Tubular Bells and attracted a growing roster of artists that included the Sex Pistols, Genesis, and the Rolling Stones.

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A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of NP Posted will soon be in your inbox. We encountered an issue signing you up. Please try again. This website uses cookies to personalize your content including ads , and allows us to analyze our traffic. Read more about cookies here. Branson took British Airways to court for its scheming and won.

But litigation is expensive, and it's distracting, too. Selling a company that he had built from the ground up was painful for the entrepreneur. I mean, it's a very necessary decision in order to protect everything else you have.

You know, we've now got 80, people who work for Virgin and, you know, their livelihoods, their jobs, their children, everything depends on that. Skip Navigation. Work Top Amazon recruiter reveals the one interview mistake that can cost you the job Morgan Smith.