Private Companies 12

UK

September 18, 2018: Virgin Management Limited: Saving our planet by recycling carbon

NEWS BITES - PRIVATE COMPANIES

Increasingly, the conversation on climate has shifted from sea level rise at the end of the century to a litany of current events from dangerous temperatures, droughts, fires, hurricanes and general havoc and misery.

INDEX

SECTION 1 VIRGIN MANAGEMENT LIMITED PROFILE

SECTION 2 PRESS RELEASES: 2018

SECTION 3 OTHER NEWS: 2018

SECTION 1 VIRGIN MANAGEMENT LIMITED PROFILE

1.1 ACTIVITIES

Virgin Management Limited provides advisory and managerial support services. The company identifies new brand investment opportunities; manages the licensing of Virgin brand; and develops the brand globally through collaborative marketing and partnership opportunities. The company coordinates public relation, digital, and social media efforts for the Virgin brand. It also collaborates with existing portfolio companies to enhance their performances through data insights. The company was incorporated in 1981 and is based in London, United Kingdom. Virgin Management Limited operates as a subsidiary of Virgin Group Ltd.

1.2 SUMMARY

Employees: About 97

Fiscal Year End: 31 Dec 2015

PermID: 4297991237

Website: http://www.virgin.com/company/virgin-management-limited

Industry: Commercial Services and Suppli

SECTION 2 PRESS RELEASES: 2018

September 17: Virgin Media launches UK's first ultra HD channel

The Virgin TV Ultra HD channel will air a line-up of must-see shows in incredible picture quality, and with 54 per cent of British TV viewers saying we're living in a Golden Age of television, there's never been a better time for it.

According to research commissioned by Virgin Media, 42 per cent of viewers say that the leap in viewing technology means that special effects on TV look even more realistic and spectacular than ever before. And 37 per cent of TV watchers are more drawn to watch shows thanks to improved picture quality and 4K UHD.

Source: Company Website

August 20: Virgin Management Limited: Virgin Group and Virgin Atlantic to launch new Virgin loyalty programme

A new company, Virgin Group Loyalty Company, will be set up to own and manage this exciting programme. Virgin Red, an existing loyalty start-up within the Virgin Group, will also be integrated into the new group-wide loyalty programme. The new company will bring reward across the Virgin family together into a single company and create a more valuable offer for our customers. The new company will launch in 2019 and will be owned by Virgin Group and Delta Air Lines. Image from Virgin.com

Flying Club will continue as the frequent flyer programme for Virgin Atlantic's customers and will continue to use miles as its currency. Flying Club members will continue to collect tier points and collect and redeem miles across Virgin Atlantic, Delta and a range of airline and other partners as they do today. In the future Flying Club members can look forward to an expanded range of ways to collect and redeems miles that will be powered by the new Virgin loyalty programme.

Andrew Swaffield has been appointed as CEO to lead the Virgin Group Loyalty Company. Previously the CEO of Avios and most recently the Monarch group, Swaffield has a wealth of experience in the travel and loyalty industry. He said: "Virgin is one of the most admired brands in the UK and across the world, serving 53 million customers each year across 60 companies. Customers expect to be rewarded for their loyalty to Virgin and we want to ensure Virgin customers get the very best rewards possible. Our ambition is to bring the Virgin companies together and combine their appeal to customers, working together to create a truly outstanding offer." Image from Virgin.com

Oliver Byers, SVP Global Sales and Customer Loyalty, Virgin Atlantic, added: "Today Flying Club offers Virgin Atlantic's customers compelling and valuable rewards for flying on Virgin Atlantic, Delta and a range of Flying Club partners.

August 15: Virgin Management Limited: West Midlanders to benefit from new Virgin Trains partnership

The focus of the partnership will be around greater use of sustainable transport to and from Virgin Trains stations in Coventry, Birmingham International, Rugby, Stoke-on-Trent and Stafford, rolling out secure cycling schemes, improved signage and passenger information. As well as all that, the partnership will work with local football clubs and the British Transport Police to keep passengers moving safely and comfortably on match days. Amanda Hines, General Manager for Virgin Trains in the West Midlands with Councillors Roger Lawrence (left) and Roger Horton (right) Image from Virgin Trains

"This agreement underlines our commitment to work with network and transport operators in the region to improve people's journeys," Councillor Roger Lawrence, portfolio holder for transport at West Midlands Combined Authority and chair of the West Midlands Rail Executive said. "We're particularly pleased Virgin Trains agrees our focus on sustainable transport, especially cycling to stations, is a good way to promote environmentally-friendly and healthy travel choices. We are working hard to bring organisations together to forge partnerships and keep everybody working to ensure train travel is an attractive choice for people living in and travelling to and from the region."

Amanda Hines, General Manager for Virgin Trains in the West Midlands, added: "We have been proud to serve the West Midlands for the past 21 years. In that time services on the west coast route have been transformed with a number of industry leading initiatives such as Automatic Delay Repay, the roll out of m-tickets and the launch of BEAM, our free entertainment service.

Source: Company Website

July 26: Virgin Management Limited: Cheers to The Joint Venture

Opening on August 10th, the pop-up pub will serve 230 US craft beers sourced from destinations across the States that the airlines fly to.

Image from Virgin Atlantic From August 10th to 19th, The Old Crown Public House on New Oxford Street, Holborn, will turn into The Joint Venture, where the American craft beer scene will meet the traditional English pub vibe, complete with a beer wall installation. Open from midday until 11pm, unique and local beers from all over the US will be available from Pound4. The pub will also host themed nights celebrating US culture plus a pub quiz with flights up for grabs.

"What better way to bring people together than over a beer, or better still, 230 beers!" Claire Cronin, Senior Vice President, Marketing at Virgin Atlantic, said. "The Joint Venture will bring a taste of the US to London and through the ever-popular US craft beer scene, show the variety of destinations that UK travellers can fly to with Virgin Atlantic and Delta Air Lines."

Source: Company Website

June 26: Virgin Atlantic announce appointment of new CEO

Virgin Atlantic have this week announced the appointment Shai Weiss as CEO, with the current Chief Commercial Officer due to take up the position on January 1st 2019 following the retirement of current CEO Craig Kreeger, who will stay in the role up until then to assist with the transition.

The move comes as the airline prepares to embark on its mid-range corporate plan, Velocity, in 2019 with the expanded four-way joint venture partnership between Virgin Atlantic, Delta Air Lines and Air France-KLM at the heart of this.

"Ever since my appointment as CEO in February 2013, I set out to ensure Virgin Atlantic and Virgin Holidays realise their full potential by empowering our people to provide a uniquely Virgin Atlantic service which truly delights and excites our customers. All this, as we made our partnership with Delta the natural choice for passengers across the Atlantic and transformed the financial performance of the Company," commented Kreeger. craigkreeger.jpg Image credit: Virgin Atlantic Craig Kreeger

"Shai has supported me closely since joining us in July 2014, serving as a valuable partner, as we embarked on making our Plan to Win a reality. As we embark on Velocity, I consider this to be the ideal time to pass the leadership baton to Shai and for me to begin a new chapter."

Virgin Atlantic President, Richard Branson, has been quick to praise the work of both Kreeger and Weiss, having worked with the both for some time. shaiweiss.jpg Image credit: Virgin Atlantic

"On behalf of the whole Virgin family, I want to thank Craig for the fantastic job he has done in leading Virgin Atlantic these past five years. He has focused our people on providing the best customer service by refreshing our onboard experience, bringing in new planes and bringing us closer to our partner Delta, opening more destinations and opportunities for our flyers," noted the Virgin Group founder.

"I've worked closely with Shai for more than a decade and know his drive, commitment and passion mean the airline and our amazing people are in great hands.

May 24: Virgin Management Limited: Meet the VOOM 2018 winners

It was a tough competition, with three brilliant businesses pitching for each category the judges had a difficult task deciding on their eventual winners - with Richard Branson even admitting that he and fellow judge Richard Reed wanted to award a joint winner for the Scaleup and Grow category.

The three finalists for Spark and Startup were Castify, Junior Einsteins and Gobbler Boats, with Therapy Box up against Rejuce and Active Petz in the Scaleup and Grow category.

voom-2018-final-00047_resized.jpg

Image from Virgin Media Business "Congratulations to today's worthy winners," Virgin Media Business MD Peter Kelly said. "These dynamic businesses symbolise the vitality and potential of start-ups and small business that Voom is helping to unleash. We wish all our finalists the best of luck for the future."

Junior Einsteins, winner of the Spark & Startup category, was set up by Tracey-Jayne Cassidy after being frustrated that her own children weren't getting enough of an opportunity to do hands-on science. Junior Einsteins arrange after-school clubs, summer camps, birthday parties and events to promote creative thinking, teamwork, imagination and problem-solving abilities to ultimately encourage more diversity and interest in STEM subjects.

Scale & Grow winner Rebecca Bright MBE started Therapy Box after working as a speech and language therapist herself. The app uses machine learning to diagnose, treat and support people with hidden communication disabilities, listening to children speak and identifying those who may have a developmental language disorder.

Source: Company Website

May 24: Virgin Management Limited: Female entrepreneurs take centre stage at Fast Track 100 awards

The afternoon was kicked off by Chair of Virgin Unite, Holly Branson, who welcomed the entrepreneurs behind the country's quickest scaling businesses, with Virgin continuing in its ever-present position of headline sponsor.

"Fast Track is one of my favourite events, every time I come away from it I feel like I've learnt so much and met so many amazing entrepreneurs," Holly told the room. "It's wonderful to see so many female business leaders here today, which hasn't happened by luck, we've actively encouraged a strong representation from women in business and I think we're better for it."

ft_holly.jpg

Image credit: Fast Track 100 The stage was then set for keynote speeches from serial entrepreneur Karen Jones CBE and Trainline chief executive Clare Gilmartin, who both discussed what they believe to be the key ingredients for a successful Fast Track business.

"Fast growth companies don't and shouldn't feel comfortable, they should feel like the wheels are about to fall off," explained Karen Jones. "The leaders of these businesses should be constantly striving, pushing themselves outside of their comfort zones."

Source: Company Website

April 12: Virgin Management Limited: Win business mentoring in the G Award at Voom Pitch 2018

For Voom Pitch 2018, Virgin Media Business has teamed up with G by Grant Thornton to offer one business the chance to benefit from one-to-one mentoring.

The G Award is looking to recognise outstanding leadership of a start-up by offering support for an entrepreneur. This will come in the form of mentoring on planning for finance, pitching, creating finance-ready documentation and an invite to share and learn from the UK's most talented business leaders at one of their exclusive CEO events. Plus 12 months free access to a central London co-working space. _dsc4288.jpg Image from Virgin Media Business

The team has already helped shape over 400 equity and debt fundraising transactions for businesses seeking up to Pound10 million - and 87 per cent of the businesses that they have been working with have been successful in getting introductions to funders.

Mentoring is, of course, a key part of the entrepreneurial experience. Even Richard Branson puts his success in the airline industry down to his mentor Sir Freddie Laker. "It's always good to have a helping hand at the start. No matter how incredibly smart you think you are, or how brilliant, disruptive or plain off-the-wall, your new concept might be, every start-up team needs at least one good mentor," he says. Richard_Freddie_Laker_0.jpg Image from Virgin Atlantic

"Someone, somewhere has already been through what you are convinced nobody else has ever confronted! Okay, so their version may have been analogue rather than digital, but trust me, many of the business fundamentals are exactly the same. Building a new business takes more than technological skills and creative genius - it needs people, and if you're going to create a great culture as well as a great product, those people need tending to in a plethora of different ways."

To be in with a chance of benefitting from G by Grant Thornton's mentorship, enter the G Award in Voom Pitch 2018.

SECTION 3 OTHER NEWS: 2018

September 21: The future of STEM visits Virgin Hyperloop One

Early exposure to role models, diverse representation, and hands-on experiences all played a role in teaching them to think big. Yet, despite the fact that 78 per cent of school-aged girls have an interest in STEM, women only make up 25 per cent of the STEM workforce.

At Virgin Hyperloop One, we're working to change this. When we heard about Project Scientist, a summer camp dedicated to empowering young girls to explore STEM, we knew we had to get involved.

Source: Company Website

September 21: Virgin Racing team up with Audi Sport

Having previously developed an in-house powertrain solution and, more recently, collaborated with DS Automobiles, the Silverstone-based team will become an independent team for the 2018/2019 championship. Beginning this year on December 15th in Ad Diriyah, Saudi Arabia, the new season will see the introduction of an all-new car with nearly double the energy storage and a 50kw increase in power.

Image from Virgin Racing "After our fantastic seasons securing seven wins and 19 podiums, and, recently, a successful partnership with DS Automobiles, we have opted to take a new direction for the next generation of Formula E," Virgin Racing's Managing Director, Sylvain Filippi, said. "From the outset it was always the team's intention to partner with an OEM as Virgin's core business areas don't involve the production of automobiles. With Audi Sport together with the drive of our majority team owner Envision, we feel this is the perfect partnership to ensure we continue fighting at the front of the grid."

Head of Audi Motorsport, Dieter Gass, added: "We are glad that in the new Formula E season together with Virgin Racing four Audi e-tron FE05 cars will fight for points and trophies. The team has been one of the key players in Formula E ever since the series was founded - both in terms of its racing performance and all off-track activities.

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