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Virgin Group
Type Private (Limited liability)
Founded 1970 (Incorporation: 1989)
Headquarters London, United Kingdom
Key people Sir Richard Branson, Chairman
Stephen Murphy, CEO
Susannah Parden, CFO
Industry conglomerate
Products Beverages
Airlines
Trains
Games
Consumer electronics
Financial services
Films
Internet
Cable TV
Music
Radio
Books
Cosmetics
Jewellery
Houseware
Retail
Mobile phones
Revenue US$17 billion (2008)[1]
Employees 35,000
Website http://www.virgin.com

Virgin Group Ltd is a branded venture capital organization founded by British business tycoon Richard Branson[2], sometimes perceived as a conglomerate. The core business areas are travel, entertainment and lifestyle. 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 Ltd as of September 2008 is £5,010,000,000. It consists of more than 400 companies around the world.

Virgin Group operates its headquarters at The School House, 50 Brook Green in the London Borough of Hammersmith and Fulham.[3]

Although Branson retains complete ownership and control of the Virgin Brand, the commercial set-up of companies using it is varied and complex. Each of the companies operating under the Virgin brand is a separate entity, with Branson completely owning some and holding minority or majority stakes in others. Occasionally, he simply licenses the brand to a company that has purchased a division from him, such as Virgin Mobile USA, Virgin Mobile Australia, Virgin Radio (now part of TIML Radio Limited) and Virgin Music (now part of EMI).

The brand name "Virgin" arose when Branson and a partner were starting their first business, a record shop. They considered themselves virgins in business. The current Virgin logo was originally sketched on a paper napkin and remains largely unchanged since 1979.

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[edit] Virgin brands

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