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Megastore expansion continues says Wright.

Music Week

| August 04, 2001 | COPYRIGHT 2001 UBM Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Virgin Entertainment Group chief executive Simon Wright insists the international expansion of the Megastores business is set to continue despite the sale last week of its 16 French stores.

The 103m [pounds sterling] deal with Lagardere Media, which also owns around 1,000 Extraople multimedia stores, will see the stores continuing to operate under the Megastores name with Wright and Sir Richard Branson remaining board members.

Wright ...

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