Virgin pounds 30m investment to create 300 UK jobs
Saturday 21 June 1997
Virgin Retail - a joint venture with WH Smith - is to spend pounds 20m opening a total of 12 new stores this year and next. The group will spend a further pounds 10m developing and extending its existing outlets.
The investment will include the creation of eight new Megastores, one of which will situated on London's King's Road. Simon Wright, finance and property director at Virgin Retail, said the King's Road store would have a "special atmosphere" to reflect the musical and cultural heritage in the area.
He added: "We're going to try and inject atmosphere in terms of the design and graphics that reflects the heritage of the King's Road, which is somewhat unique." Mr Wright said the company would open the UK's largest entertainment store outside London in Glasgow in 1999.
Virgin has planned other Megastores in Brighton and Cork in the next two years. The developments are part of a strategy to focus on Virgin's larger stores, Mr Wright said. Previously the company has concentrated on smaller retail outlets.
Virgin Retail was one of Mr Branson's first ventures back in the Seventies. There are now 75 Megastores across the country, selling records, books, videos and computer games.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
Much-loved cartoon character returns - without Sir David Jason
Actress to appear in second series of the hugely popular crime drama
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: What you shouldn't tweet about if you want to avoid jail today
- 3 Scottish independence: Five reasons Salmond is secretly hoping for a 'No' vote
- 4 Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
- 5 Scottish independence: Andy Murray backs Yes campaign in eleventh hour decision
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence referendum live: Latest news as Scotland votes Yes or No
Scottish independence: Final opinion polls show undecided voters could swing result either way
Scottish independence: Almost half of No voters have felt 'personally threatened' by the Yes campaign
Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence referendum: A nation divided against itself
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
iJobs Money & Business
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...
Up to £90,000 + benefits: Saxton Leigh: Credit Risk Audit Manager required to ...