22 Billion Euros in Debt But No Purchaser for Virgin Megastore

960 employees of the entertainment retail chain may face unemployment as the Commercial Court of Paris rejected new offers made to take over the French branch of Virgin Megastore. The brand was originally created by British tycoon Sir Richard Branson in 1970 as a record label, before the first French store opened on the Champs […]

EADS and BAE: A Fusion Endangered by French Policy?

EADS – Europe’s biggest civil aerospace manufacturer – and BAE – a British weapons manufacturer – are negotiating a €38 billion merger deal to compete with American company Boeing and create a leading company in aerospace and defence. EADS is the parent company to Airbus. The French are unwilling to lower their stake in the […]