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Sir Richard Branson has agreed to waive more than £100 million that he was entitled to receive from Nationwide Building Society for the use of the Virgin Money brand in its £2.9 billion acquisition of the bank.
Branson has been making money by licensing out the Virgin logo to his part-owned bank, and could reportedly get a big payout if Nationwide ditches it.
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Virgin Atlantic has launched its first lifestyle collection. The airline - which was founded by Richard Branson, whose Virgin Enterprises still owns 51