Virgin to return to UK High Street?

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 Christmas Eve, placing 3,000 jobs at risk.

Branson sold the Virgin Megastore chain to Zavvi after a company MBO in September 2007.

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Tags: virgin , zavvi , richard branson , sir richard branson , virgin megatores

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