Virgin Stores Shuttering Completely
Virgin Entertainment Group North America (VEGNA), owner of the Virgin Megastores as well as three other retail outlets, is expected to close this summer. The company has been working on shuttering its Virgin Megastores in New York City and San Francisco for months. Other retail spaces in Orlando, Denver and Los Angeles will follow soon, with the liquidation process to be complete by summer. VEGNA was acquired by real estate companies the Related Cos. and Vornado in August 2007.
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