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Sir Richard Branson’s Virgin Group is to inherit stores from troubled retailer Zavvi – suggesting Virgin Megastores could return to the High Street 16 months after it left UK retail.
Zavvi administrator Ernst & Young has told MCV that Branson still holds the leases on seven Zavvi outlets.
Zavvi was forced into administration on
, placing 3,000 jobs at risk.
Branson sold the Virgin Megastore chain to Zavvi after a company MBO in September 2007.
