Virgin/Our Price company history
1970 Richard Branson founds Virgin as a mail order record retailer.
1971 Tape Revolution, Virgin's first retail outlet, opens in London's Finchley Road, selling music cassettes.
First Virgin record store opens in London's Oxford Street.
1976 Tape Revolution trading name changes to Our Price Records.
1986 Our Price accepts a £43 million offer to become an autonomous subsidiary of W H Smith.
Virgin Group floats on the Stock Exchange and 35% of its ordinary equity goes to 87,000 investors.
1992 W H Smith purchases a 50% stake in Virgin Retail.
1994 Our Price and Virgin merge in a new joint venture.
1998 Virgin Entertainment Group completes the unconditional acquisition of Virgin Our Price from W H Smith. VOP reorganises into two constituent businesses, Virgin Retail and Our Price (which is currently going through a management buyout).
1971 Tape Revolution, Virgin's first retail outlet, opens in London's Finchley Road, selling music cassettes.
First Virgin record store opens in London's Oxford Street.
1976 Tape Revolution trading name changes to Our Price Records.
1986 Our Price accepts a £43 million offer to become an autonomous subsidiary of W H Smith.
Virgin Group floats on the Stock Exchange and 35% of its ordinary equity goes to 87,000 investors.
1992 W H Smith purchases a 50% stake in Virgin Retail.
1994 Our Price and Virgin merge in a new joint venture.
1998 Virgin Entertainment Group completes the unconditional acquisition of Virgin Our Price from W H Smith. VOP reorganises into two constituent businesses, Virgin Retail and Our Price (which is currently going through a management buyout).
In addition, make sure to read these articles:
- Virgin Eyes Changes, Payments Settlement
- W H Smith To Divest Its Dedicated Music Chains
- VEG Claims To Be Settling Dispute With U.K.
- Virgin Entertains Offer To Sell Our Price Chain
- Virgin's Restructuring To Herald New Retail Concept
- WHS Travel flies solo
- Camelot, In Ch. 11, Aims To Buy The Wall
- U.k.'s Wh Smith Group Purchases Scottish Chain
- Virgin Group Purchases Our Price Chain
- Virgin Entertainment Group Enjoys Profitable Holiday Trading Worldwide.
- New Virgin Company Links Retail, Cinema Groups
- Virgin Entertainment Group, North America, Responds to Legal Action.
- Virgin Entertainment Group Links 27 Corporate and Megastore Locations
- Virgin Entertainment Group and Internet ApplianceNetwork to Provide Internet-Ready...
- Virgin Entertainment Group To Promote S3'sDiamond Multimedia Rio Players Within Megastores;...
LONDON--Financial officers in London are being kept busy amid reports that Virgin Entertainment Group (VEG)-parent company of the Virgin Megastore and Our Price retail chains-is ......
The W H Smith Group yesterday made its first public commitment to divesting its music retail chains the Wall in the U.S. and Virgin Our ......
Majors Virgin Entertainment Group (VEG), parent of the Virgin Megastore and Our Price retail chains, claims that it is in the process of settling its ......
LONDON‹The Virgin Entertainment Group (VEG) is ready to sell its 229-store U.K. chain Our Price. But only one man is in the running to buy ......
The Virgin Group is aiming to bring a new concept to music retailing through the combination of its record stores and cinemas under one roof....
Talking to the management team at W H Smith's Travel Retail business reveals a single recurring theme: change. Every one of the managers talks about ......
NEW YORK--In a surprise turn of events for a chain operating under Chapter 11 protection, Camelot Music has signed a letter of intent to buy ......
LONDON--WH Smith Group, a company at the center of a trans-Atlantic shake-up in music retailing operations, is adding a new twist to the ......
LONDON‹Virgin is about to implement its first global retailing strategy. The acquisition of the U.K. chain Virgin Our Price (VOP) by Richard Branson's Virgin Entertainment ......
Business/Entertainment Editors LOS ANGELES--(BUSINESS WIRE)--Jan. 10, 2002 The Virgin Entertainment Group, which includes Virgin Megastores Worldwide and V. Shop in the UK, reports excellent sales ......
Richard Branson's Virgin Group has merged its wholly owned retail businesses with Virgin Cinemas to form worldwide company Virgin Entertainment Group (VEG). The new entity ......
Business & Entertainment Editors LOS ANGELES--(BUSINESS WIRE)--March 2, 2004 Virgin Entertainment Group, North America, and Twentieth Century Fox issued a statement today in response to ......
SAVVIS to link Virgin's corporate headquarters to its Megastores throughout the U.S.
Business/Technology/Entertainment Editors LOS ANGELES--(BUSINESS WIRE)--April 10, 2000 10,000 Webplayers to be offered via www.virginconnectme.com It's easy, it's fun and it's the hottest thing to hit ......
LOS ANGELES--(BUSINESS WIRE)--Dec. 13, 1999-- The Virgin Entertainment Group Inc. and Diamond Multimedia, a division of S3 Inc. (Nasdaq:SIII), today announced a new initiative to ......
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