Branson Seeks Virgin Rebirth
Sir Richard Branson offered to buy back Virgin Records, the label which set him on the road to a fortune, from its owners EMI, it emerged yesterday. A spokesman confirmed that Sir Richard was still hankering to bring the business which launched his career back into the Virgin stable, “if the opportunity arose”. Set up in 1973, when Branson was prescient enough to guess that Mike Oldfield’s quirky Tubular Bells album would sell like hotcakes, Virgin Records went on to sign the Sex Pistols in 1977. It was sold to EMI for £650m in 1992, and the proceeds used to… Read more »
