Virgin Group

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Virgin Group Ltd.
Industry Conglomerate
Founded February 1970; 47 years ago (1970-02)
Founders Sir Richard Branson
Nik Powell
Headquarters London, United Kingdom
Area served
Key people
Sir Richard Branson
Peter Norris
Josh Bayliss (CEO)[1]
Products Banking
Commercial aviation
Commercial spaceflight
Consumer electronics
Health care
Mobile Phones
Revenue Increase £19.5 billion (2016)[1]
Number of employees
Approximately 71,000

Virgin Group Ltd. is a British multinational corporation venture capital conglomerate founded by entrepreneurs Sir Richard Branson and Nik Powell.

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 was estimated at £5-5.5 billion as of November 2014.


The brand name "Virgin" arose when Richard Branson and Nik Powell formed a record shop. They considered themselves virgins in business.[2] Branson has described the "V" in the logo as an expressive tick, representing the Virgin seal of approval.[2]


Virgin Group announced the establishment of Virgin Cruises on December 4, 2014 with financial backing from Bain Capital. The cruise line would be lead by CEO Tom McAlpin, would have two new large ships built and be based in the Miami/Fort Lauderdale area.[3][4]

Corporate affairs[edit]

Virgin Group has its headquarters at The Battleship Building in the Paddington district of the City of Westminster.[5] Previously it was in The School House in the London Borough of Hammersmith and Fulham.[6]

The Virgin Group of companies have a complex structure that contains elements of a generic conglomerate, a Keiretsu and sometimes simply licences its brand. Examples of licensing are Virgin Records (now owned by Universal Music Group) and Virgin Media (now owned by Liberty Global).

In mid-May 2013, the Virgin Group expressed its intention to seek out opportunities in Australia's healthcare industry to consolidate on the Group's Australian fitness centers. The Group also owns over 100 National Health Service (NHS) services in the United Kingdom and the healthcare division of medical services group Assura after entering the British healthcare industry in 2011.[7]

Subsidiaries and investments[edit]

Company Ownership Sector
V Festival 100% Entertainment
Virgin Active 20% Health
Virgin Atlantic 51% Travel
Virgin Australia Holdings 8% Travel
Virgin Books 10% Publishing
Virgin Care 100% Health
Virgin Connect 100% Media
Virgin Experience Days 100% Entertainment
Virgin Galactic 100% Aerospace
Virgin Health Bank 100% Health
Virgin HealthMiles 100% Business Services
Virgin Holidays 100% Travel
Virgin Hotels 100% Hospitality
Virgin Limited Edition 100%
Limobike 100% Travel
Virgin Megastores 100% Retail
Virgin Mobile 100% Communications
Virgin Money 34%[8] Banking
Virgin Oceanic Leisure
Virgin Orbit Aerospace
DS Virgin Racing 100% Entertainment
Virgin Radio 100% Entertainment
Virgin Rail Group 51% Travel
Virgin Sports 1% Sports
Virgin Trains East Coast 10% Travel
Virgin Unite 100% Charity
Virgin Startup 100% Charity
Virgin Vacations 100% Travel
Virgin Voucher 100% Retail
Virgin Voyages 100% Cruise line

Formerly owned ventures[edit]


  1. ^ a b c "About us". Retrieved 18 January 2015. 
  2. ^ a b Richard Branson. Losing My Virginity. ISBN 1-8522-7684-3. [page needed]
  3. ^ Sampson, Hannah (June 23, 2015). "Virgin Cruises to base first 2,800-passenger ship in Miami". Miami Herald. Retrieved June 24, 2015. 
  4. ^ Stieghorst, Tom (December 4, 2014). "Richard Branson to enter cruise business". USA Today. Retrieved June 24, 2015. 
  5. ^ "Our company information." Virgin Group. Retrieved on 14 October 2013. "The Battleship Building, 179 Harrow Road, London W2 6NB"
  6. ^ "Our company information." Virgin Group. Retrieved on 14 January 2009. "The School House 50 Brook Green London, W6 7RR England"
  7. ^ Damon Kitney (20 May 2013). "Virgin Group eyes slice of Australia's $65bn healthcare market". The Australian. Retrieved 20 May 2013. 
  8. ^ Armstrong, Ashley (13 November 2014). "Virgin Money float triggers £50m payment to George Osborne's coffers". The Telegraph. Retrieved 19 May 2015. 

External links[edit]