Richard Branson Buys Back Health Clubs

Have just read (Guardian 6th Oct 2005) that Richard Branson has got his cheque book out to buy back his health clubs from Bridgepoint for £134.5 (€198 million) – small change for Sir Richard. A quick calculation on the back of my son’s hand means that Bridgepoint (private equity) have made about £89 million (€131 million) in three years, just enough, know doubt, to pay for the Bridgepoint Christmas party. Sir Richard now wants to sell a Virgin health club experience to the Chinese…maybe they should also be looking at Bangkok…and yes, that REALLY is Richard Branson in the photo launching Virgin Brides

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