Thursday, April 15, 2004

THE CRACKS SHOW: Virgin (the bits still owned by Branson and his bankers, not the record company, which is part of EMI) is having a bit of a problem with the ready cash at the moment; in a bid to get its hands on some of the folding stuff, the company is closing its Virgin megastores in Long Island and Columbus, Ohio. This will leave the chain with just 21 outlets in the US to close in subsequent cash crises.

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