Lagardere to sell loss-making Virgin France - report |
|
|
|
Published
:
Tue, 24 Jul 2007 07:28
|
PARIS (Thomson Financial) - Lagardere SCA is planning to sell Virgin France, which operates the Virgin Megastore chain of music and book stores, following a series of losses at the unit, Les Echos reported.According to the newspaper, Lagardere has informed the management of Virgin France of its intention to sell the business, citing a source close to the matter as saying that 'the sale process has been launched'.Les Echos said that Lagardere and Virgin France both rejected the claims, with Lagardere referring to a 'a recurring rumour which has no foundation currently'.According to Les Echos, Virgin France has suffered losses under the impact of falling music and video sales.tfn.paris@thomson.comgt/ejpCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
|
|
|
|
Print this Story
Virgin America's flights set for Aug. 8 