Tuesday 2 October 2007

Progression of Virgin

Following this began the start of Virgin records. In 1969 Branson travelled across the English channel finding records to sell from discount stores to retail stores from the back of his boot and through his mail service, under the name “Virgin” at a considerably cheaper price then High street stores .Following this Branson had saved enough to start his own record shop on oxford street and shortly after launched Virgin records. He then saved enough to own a country estate and launch a recording studio leasing studio time to artists. In 1971 Branson was arrested for illegally selling export stock under his virgin stores.However Branson's mother re-mortgaged the family home to help pay the settlement

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