When Richard Branson sold Virgin Records for a billion dollars inhe wept. And not tears of joy. After telling his staff that he had sold the company, Branson went back home to his house in London.
Most entrepreneurs know launching a business requires blood, sweat and tears. Perhaps none more so than Richard Branson. The record label was sold to Thorn EMI in and was the catalyst for many other business ventures.
In the opening year of the Seventies, when most people thought of jumbos as elephants and Pendolino sounded like a character in the Merchant of Venice, a former public schoolboy had the bright idea of starting a mail-order record business. His big idea was to undercut high street record shops by selling imports and even bootlegs to an eager market keen to save money and to explore new music — it was the kind of radical, some might say irreverent, disruptive, thinking that would serve Branson in the future in myriad ways. What about Virgin?
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.
Skip to main content. Incredible to celebrate the 45th anniversary of Virgin Records and to remember how the story of Virgin began with music. Back inmy friends and I noticed a gap in the market for selling cut price records by post, so we launched Virgin Mail Order.
Virgin Records Ltd. The US operations have also taken on the name Virgin Records. Branson and Powell had initially run a small record shop called Virgin Records and Tapes on Notting Hill GateLondon, specializing in " krautrock " imports, and offering bean bags and free vegetarian food for the benefit of customers listening to the music on offer.
It's four decades since Richard Branson set up the mail-order business that became a hippie haven, a punk paradise, and then a big-money label. Pierre Perrone tracks the story. It was nearly called Slipped Disc until Tessa Watts, a member of the team Richard Branson had assembled around him at Student magazine, pointed out they were all "complete virgins at business.
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. With his unique blend of everyman and superman, his unparalleled capacity for PR saw his baby undergo several rebirths across its long history.