Sort of saw this coming. We brokered an advertising campaign with these stores and a television show a few years ago, and Virgin had 17 stores. Now Virgin only has 11, and they probably aren't doing all that well either. I wouldn't be surprised to see a fire-sale happen by next year: the locations of the Virgin Stores are in high-traffic urban areas, probably worth a lot (like Times Square, Rodeo Drive, etc.)
Related to Acquire Virgin Megastores - WSJ.com:
Real-estate-development firm Related Cos. said it will buy the 11 Virgin Megastore music stores in North America from Virgin Entertainment Group. Terms weren't disclosed. “With most of our global retail operations now franchised, Virgin Group will continue to focus on being a global leader in transportation and renewable energy, with interests in financial services, communications and media, health and leisure,” said founder and Chairman Richard Branson.
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