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VIRGIN GROUP

Introduction

Virgin is a leading branded venture capital organisation and is one of the world's most recognised and respected brands. Conceived in 1970 by Sir Richard Branson, the Virgin Group has gone on to grow very successful businesses in sectors ranging from mobile telephony to transportation, travel, financial services, media, music and fitness.

Virgin has created more than 300 branded companies worldwide, employing approximately 50,000 people, in 30 countries. Global branded revenues in 2009 exceeded £11.5 billion.

Virgin stands for value for money, quality, innovation, fun and a sense of competitive challenge. They deliver a quality service and they continually improve the customer's experience through innovation.

Virgin companies are part of a family rather than a hierarchy. They are empowered to run their own affairs, yet the companies help one another, and solutions to problems often come from within the Group somewhere. In a sense they are a commonwealth, with shared ideas, values, interests and goals.

To begin, I’ll speak about Richard Branson, the founding director of Virgin group. Then I will speak about the history of Virgin Group. To conclude, my presentation will deal with the companies belonging to Virgin Group.

Richard Branson, brilliant creator

When He was young, Richard Branson was a bad pupil and his teacher told him:? You will end in prison or billionaire?. Now we can see his success. But before creating Virgin Group, He had created a magazine intended to students. Then He had developed this magazine by opening a center: Student Advisory Center. We are in 1966 and he just has sixteen years old. Four years later he creates Virgin Group we are in 1970, as a mail order record retailer, and he opens a store in Oxford Street, London. In 1972 we built a recording studio in Oxfordshire where the first Virgin artist, Mike Oldfield, recorded 'Tubular Bells'. This place is called ?The manor?.

The history of Virgin Group

With around two hundreds companies in over 30 countries, the Virgin Group has now expanded into leisure, travel, tourism, mobile, broadband, TV, radio, music festivals, finance and health and through Virgin Green Fund they invested in renewable energy and resource efficiency.

In February 2007, they announced the Virgin Earth Challenge - a $25 million prize to encourage a viable technology which will result in the net removal of anthropogenic, atmospheric greenhouse gases. In July, creation of The Elders, a group of leaders to contribute their wisdom(sagesse), independent leadership and integrity to tackle some of the world's toughest problems.

They had created a non-for-profit entrepreneurial foundation, which establishes to focus on entrepreneurial approaches to social and environmental issues.

What is Virgin made of?

More than three hundreds brands are distributed in thirty countries. A little focus in Europe, There is not of less than 34 brands just in Europe.

Virgin Atlantic Airways

Created in 1982, it was named ?British Atlantic Airways? and when Sir Richard Branson bought it, it had been renamed as ?Virgin Atlantic Airways?. It operates between the United Kingdom and North America, the Caribbean, Africa, the Middle East, Asia, and Australia from its bases at London Gatwick Airport and London Heathrow Airport, using a mixed fleet of Airbus and Boeing. In 2009 Virgin Atlantic carried 5.42 million passengers making it the eighth largest UK airline based on passenger numbers. In February 2010 the airline made an annual operating loss of £132 million on turnover of £2,357 million.