Richard Branson - Investments

Sir Richard Charles Nicholas Branson is an English Businessman and Investor. He is best known as the Founder of Virgin Group, which comprises more than 400 companies. At the age of sixteen his first business venture was a magazine called Student. Branson is the seventh richest citizen of the United Kingdom, with an estimated net worth of US$4.9 billion.

Virgin Active to flex muscles on JSE

Virgin Active South Africa jumped 14%, and was the main driver of growth, no doubt aided by discounted incentive packages offered by some of the larger medical-scheme administrators to join the gym. Membership in the group grew 3% to 1.3million for the period, while ebitda (earnings before interest, tax, depreciation and amortisation) rose 10% to £125.4-million.

But once tax and interest charges of £93-million were taken into account, the company reported a loss for the period of £101.1-million from a previous loss of £80.4-million.

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Virgin Active share sale halted as Brait buys 80 percent

Brait has been seeking targets for a 26.4 billion rand ($2.2 billion) windfall it received from the 2014 sale of its stake in African retailer Pepkor Holdings Pty Ltd. as investors pressured the company to spend the cash. The Virgin Active deal represents less than 40 percent of the Pepkor funds, and Brait will seek further acquisitions in the South African and European food and consumer-goods markets, Gnodde said. Other Brait investments include U.K.-based food retailer Iceland.  CLICK the above Red LINK to read the Full Article.

Branson scores as Brait grabs Virgin Active

London - Sir Richard Branson celebrated a £200m-plus payday on Thursday as his Virgin Active gym business was bought by a private equity group backed by one of South Africa's richest men, Christo Wiese.  CLICK the above Red LINK to read the Full Article.

Richard Branson on Taking Risks

When was the last time you stepped out of your comfort zone? It's easy to get stuck in a routine, especially at work (more so if you've been doing the same job for a while), and taking on a new challenge is a great way of getting out of that rut. At Virgin, I use two techniques to free our team from the same old routine: breaking records and making bets. Taking chances is a great way to test myself and our group, and also to push boundaries while having fun together.

One of the great benefits of taking on challenges in your working life is that you and your team learn to confront risk together – and also to lose sometimes, because when you make a good wager, the odds are not going to be in your favor. The calculated risks you and your team take should be strategic judgments, not just blind gambles : Protect the downside by figuring out the odds of success, working out what the worst possible consequences would be, then deciding whether to accept.  CLICK the above Red LINK to read the Full Article.

Virgin Megastore Bankrupt

A quarter of a century after British tycoon Richard Branson opened the world’s biggest record store on the Champs-Elysees, Virgin Megastore in France is set to file for bankruptcy.

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