Retail news
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Virgin reveals first class overhaul
- Posted:
- 07 February 2012 09:48
Sir Richard Branson's airline, Virgin Atlantic, has pledged £100 million to be spent on improving its first class cabins. The changes, aimed at improving Virgin's share of the business traveller market, include better seats, a futuristic bar and other cabin updates.Travellers in first class - called upper class by Virgin ...read more
Lufthansa sells BMI to British Airways owner IAG
- Posted:
- 07 November 2011 12:45
Lufthansa has sold BMI to British Airways owner IAG for an undisclosed sum, thought to be around £300 million. The deal is expected to complete before April 2012.BMI operates flights to Europe, the Middle East and Africa but the key issue for regulators will be the extra take-off and landing ...read more
Carphone pulls plug on Best Buy ‘big box’ stores
- Posted:
- 07 November 2011 12:40
As part of a series of strategic initiatives and trading results announced today Carphone Warehouse (CPW) has said it intends to close its 11 'big box' Best Buy stores, leaving more than 1,000 employees with an uncertain future. The closures are to be made by the end of the calendar ...read more
Virgin planes to go green
- Posted:
- 11 October 2011 10:12
Sir Richard Branson promised today to introduce a new "green" aviation fuel on Virgin Atlantic planes within two to three years.The Virgin boss announced the development with the LanzaTech company of low-carbon aviation fuel.The technology involves waste gases from industrial steel production being captured, fermented and chemically converted using Swedish ...read more
Virgin Active planning global growth
- Posted:
- 23 August 2011 10:54
It has been reported that gym chain Virgin Active's plans for global expansion are likely to receive a significant boost once the deal to make CVC Capital its majority shareholder is completed.The private equity firm is to acquire 51% of the chain from Virgin Group, with the deal expected to ...read more
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