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February 10, 2016 12:51 PM ET

Industrial Conglomerates

Company Overview of Virgin Group Ltd.

Company Overview

Virgin Group Ltd., through its subsidiaries, engages in the businesses of mobile telephony, travel, financial services, leisure, music, holidays, and health and wellness in the United Kingdom and internationally. Its mobile telephony business includes IP-VPN, Wi-Fi, phones, phone plans, mobile broadband, TV phone, broadband services, and SIM cards. The company’s travel business comprises airlines, leisure and travel Websites, travel booking services, travel information, flying clubs, commercial spaceline services, holiday services, hotel services, holiday cruise services, hotels, private islands, mountain retreats, game reserves, catamarans, lodges, tented camps, vineyards, restaurants, priv...

The Battleship Building

179 Harrow Road

London,  W2 6NB

United Kingdom

Founded in 1970

Phone:

44 20 7313 2000

Key Executives for Virgin Group Ltd.

Chief Executive Officer
Founder, President and Director
Age: 65
Chief Financial Officer and Partner
Chief Executive of Virgin Blue
Age: 51
Chief Executive Officer of Virgin Produced
Compensation as of Fiscal Year 2015.

Virgin Group Ltd. Key Developments

Virgin Presents at OurCrowd Global Investor Summit, Jan-25-2016

Virgin Presents at OurCrowd Global Investor Summit, Jan-25-2016 . Venue: ICC Jerusalem International Convention Center, Shazar, Boulevard 1, Jerusalem, Israel. Speakers: Claudia De Antoni, Investment Director.

Santander And Virgin Eyes On RBS Branch Takeover

Santander UK (SAN.MC) and Virgin Money are said to be considering moves to take over a Royal Bank of Scotland banking unit. Santander UK could be planning to buy more than 300 branches from Royal Bank of Scotland (RBS) three years after it abandoned the same deal. Sky News has learnt that Santander UK and Virgin Money are two of the parties indirectly referred to in a statement issued by the taxpyer-backed RBS on December 16, 2015, which referred to a number of informal approaches for its Williams & Glyn (W&G) business. Neither Santander UK nor Virgin Money has tabled a formal proposal to buy W&G, and could yet choose not to do so, according to people close to the situation. RBS confirmed that it was planning to launch an auction of W&G next year alongside preparations for floating what would be Britain's seventh-largest bank on the London Stock Exchange. Insiders said the auction would be run by advisers at Bank of America Merrill Lynch and Robey Warshaw, and could value W&G at as much as £2 billion.

Virgin Group Faces Lawsuit for $300 Million in Dispute over Cruise Line

The former Chief Executive Officer of Norwegian Cruise Line is suing British billionaire Richard Branson and his Virgin Group, claiming that Virgin essentially stole his ideas and business plans to enter the luxury cruise industry. The lawsuit was filed in Miami federal court on behalf of Colin Veitch and his VSM Development Company. It seeks more than $300 million in damages and asks a judge to stop London-based Virgin from going forward with its recently announced Miami-based cruise line. The lawsuit contends Virgin reneged on a May 2011 agreement with Veitch over how estimated profits would be split. Veitch would get nothing if the 4,200-passenger "ultra" ships were not profitable but could earn $315 million if projections were met.

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Recent Private Companies Transactions

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