How did the business develop?
Branson expanded his entrepreneurial efforts yet again, this time to include the travel company the Voyager Group in 1980, the airline Virgin Atlantic in 1984, and a series of Virgin Megastores. But Branson's success was not always predictable. By 1992, Virgin was suddenly struggling to stay financially afloat. The company was sold later that year to THORN EMI for $1 billion.
Although he was shattered by the loss, he was determined to stay in the music business. In 1993, he founded the station Virgin Radio, and several years later he started a second record company, V2. Founded in 1996, V2 now includes artists such as Powder Finger and Tom Jones.
Years later, Branson's Virgin Group now holds more than 200 companies in more than 30 countries! He has expanded his businesses to include a train company, a luxury game preserve, a mobile phone company and a space-tourism company.
Although he was shattered by the loss, he was determined to stay in the music business. In 1993, he founded the station Virgin Radio, and several years later he started a second record company, V2. Founded in 1996, V2 now includes artists such as Powder Finger and Tom Jones.
Years later, Branson's Virgin Group now holds more than 200 companies in more than 30 countries! He has expanded his businesses to include a train company, a luxury game preserve, a mobile phone company and a space-tourism company.