Virgin Trains is awarded the 15 year franchise for the InterCity West Coast, with the promise to introduce 40 high-speed tilting trains and reduce journey times considerably.
Virgin Radio is acquired by Chris Evans and Ginger Productions.
Virgin Direct (later to become Virgin Money) unveils the Virgin One Account mortgage.
The V2 Benelux record label is founded.
Virgin Books publishes the first edition of Richard Branson’s autobiography ‘Losing My Virginity’.
The Virgin Cosmetics Company launches with its first four flagship Virgin Vie stores in London, Bromley, Sheffield and Thurrock.