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The Latest Breaking News from Richard Branson

Founder prepares for life after AirAsia

SINGAPORE: One of the best-known names in global aviation is preparing to step back from the front lines.

Bangkok Post

Singaporean on death row denied access to lawyers, say activists

Tangaraju Suppiah, due to be hanged this week, forced to self-represent after unsuccessful appeal

The Guardian - UK

Richard Branson told to 'look out' as savvy schoolboys win over city

Cole Fletcher and Ethan Dutton sold flip flops outside of the Grand National at Aintree

Liverpool Echo

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10 questions for Alice Hall of Rowen Homes

Find out what the prominent North East entrepreneur asked Richard Branson and the best advice she would offer to career starters, in her answers to our questions

Birmingham Post

Richard Branson meets with Ukraine’s President Volodymyr Zelensky as Russia steps up missile attacks

Virgin founder met with Ukraine leader as he became a new ambassador for the country’s fundraising platform

Evening Standard

The star-studded mountaintop utopia that wasn’t

The creators of a "Ted meets Burning Man" conference set out to build a utopia for tech elites and celebrities on Powder Mountain, but it didn't work out quite as planned.

Fortune

Top exec at Richard Branson’s Virgin Orbit blames CEO and board for bankruptcy sale

Operations chief Tony Gingiss apologized to staff for management's failure to save the SpaceX rival from insolvency.

Fortune

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How Long Beach's Virgin Orbit spiraled into bankruptcy protection

Six years ago, Virgin Orbit's future seemed bright.

Los Angeles Times

Branson’s rocket-launch firm Virgin Orbit files for bankruptcy

Virgin Orbit Holdings Inc. filed for bankruptcy after the satellite launch firm tied to British billionaire Richard Branson failed to secure the funding needed to keep operating and cut about 85% of its staff.

Tribune News Service

Musk’s SpaceX has once less competitor as Virgin Orbit files for bankruptcy

The startup founded by the Brit will not attempt to reorganize under protection from creditors but instead will pursue an outright sale.

Fortune

Virgin Orbit seeks bankruptcy protection after mission fail

Richard Branson’s Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission and increasing difficulty in raising funding for future operations

The Independent UK

Richard Branson’s Virgin Orbit files for bankruptcy after failing to find funding

California-based company forced to cut 85% of workforce after struggling to secure investment

The Guardian - UK

Richard Branson’s Virgin Orbit files for bankruptcy

Richard Branson's Virgin Orbit Holdings is seeking a sale of its assets after announcing the layoff of about 85 per cent of its 750 employees last week.

The New Daily

Worst April Fools' Day pranks that backfired spectacularly - from UFO scare to minions

Kick back, relax, and reflect on the worst April Fools' Day pranks, if you dare. Be warned, some extreme tricksters risked arrest or caused chaos with their ill-planned projects

Daily Mirror

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Los Angeles Times

Long Beach's Virgin Orbit lays off 675 people, 85% of its workforce

Richard Branson's Virgin Orbit is laying off about 675 employees, or 85% of its workforce, as the air-launched rocket company failed to find funding to sustain its operations.

Fortune

4 young founders bought a $40 million Utah ski mountain to build a utopia for tech elites. What could go wrong?

A group of twentysomething entrepreneurs created the wildly successful Summit Series conferences. But building an "intentional" and eco-friendly resort community for the rich and famous is quite a different undertaking.

Birmingham Post

Spaceport Cornwall boss says Virgin Orbit cuts pose ‘no direct impact’ on project

Sir Richard Branson’s US satellite firm has confirmed it is cutting hundreds of jobs, months after it attempted to launch a rocket into space from the South West space cluster

Fortune

Virgin Orbit's sudden collapse is the latest in a series of high-risk failures by Richard Branson

The satellite deployment startup founded by Branson is letting go of the bulk of its staff citing an 'inability to secure meaningful funding'.

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The Independent UK

Richard Branson's Virgin Orbit slashing 85% of its workforce

Richard Branson’s Virgin Orbit is letting go of almost its entire work force with the satellite launch company finding it difficult to secure funding three months after a failed mission

Daily Mirror

Richard Branson’s Virgin Orbit lays off 85% of staff and ceases operations

Virgin Orbit said that the layoffs will impact around 675 employees across all areas of the company with equates to around 85% of staff

The Guardian - UK

Virgin Orbit cuts 85% of workforce after failing to secure fresh funding

Decision raises fears that company founded by Sir Richard Branson may be on verge of collapse

Evening Standard

Richard Branson loses £1.5 billion from plummeting Virgin Orbit shares amid funding crisis

Sir Richard Branson has lost a staggering £1.5 billion from his stake in Virgin Orbit over the past year after the company’s share price plummeted more than 95%.

Tribune News Service

Virgin Orbit ceases operations after failing to find funding

Virgin Orbit Holdings Inc., the satellite-launch company tied to British billionaire Richard Branson, is ceasing operations indefinitely, succumbing to growing cash-crunch pressures that have paralyzed startups in many emerging technologies.

Daily Record

Richard Branson surprises Edinburgh locals with Scottish-themed street celebration

It comes after Virgin Red left a mystery box on the Royal Mile yesterday to mark the grand opening of a new hotel.

Edinburgh Live

Sir Richard Branson opens Edinburgh Virgin Hotel and tells of his roots in the city

The billionaire entrepreneur officially opened the 222-room hotel on Friday, with it not only being the first hotel carrying his Virgin brand in the UK, but also in Europe.

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