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Article: Virgin's cosmetics lose GBP 10m
- Article from:
- Evening News - Scotland
- Article date:
- June 24, 1998
CopyrightCopyright 1998 Evening News - Scotland. Provided by ProQuest LLC. (Hide copyright information)
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TYCOON Richard Branson's clothing and cosmetics venture Virgin
Vie
- launched in a blaze of publicity last October - today reported
losses of nearly GBP 10 million.
But parent company Victory Corporation, in which Virgin has a 52
per cent stake, said it was still on course to launch Virgin
Clothing
this August.
That will be backed by a GBP 4m advertising campaign, the company
said, and expansion overseas is also planned.
Chairman Ian Pluthero said Virgin Vie had made a "solid start".
"In ...