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Business News Retail
Final US Virgin Megastores close
By CMU Editorial | Published on Tuesday 16 June 2009
The final two Virgin Megastores in the US are now no more. As previously reported, when Related Companies bought the Megastore chain off the Virgin Group in 2007, it was known their interest was in the property occupied by the record shops, not the entertainment retail business itself. Since then they’ve been slowing winding down the retail chain, with the final two stores, in New York and Hollywood, closed this weekend. It is, I believe, the end of an era.