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Branson takes off in drag to fulfil F1 bet

Thomson ReutersApril 8, 2013 04:15

(Reuters) - Richard Branson will take to the skies as an airline stewardess on a charity flight next month to finally fulfil a bet with aviation rival Tony Fernandes over the fortunes of their teams in the 2010 Formula One season. AirAsia chief Fernandes, who once worked for Branson's music business, bet the British entrepreneur that his Lotus Racing team would do better in their debut season than Virgin Racing team with the loser dressing up as an female flight attendant.

UPDATE 1-French music label boss mulls Virgin France offer-paper

Thomson ReutersJanuary 21, 2013 05:00

* Offer for Virgin expected within two to three weeks - paper * Virgin Megastore under court-ordered restructuring * British music retailer HMV also searching for rescuer PARIS, Jan 21 (Reuters) - Patrick Zelnik, the owner of French music label Naive Records, is considering an offer to buy retailer Virgin Megastore France, which is undergoing a court-ordered restructuring, according to newspaper Les Echos on Monday.

France calls for report on tax-dodging by multinationals

Thomson ReutersJanuary 9, 2013 07:30

By John Irish PARIS, Jan 9 (Reuters) - The French government has asked for a report that will outline ways to stop multinational companies dodging taxes, a practice that indirectly stifles local companies, culture minister Aurelie Filippetti said. European countries have been stepping up efforts to clamp down on companies, mostly from the United States, which minimise their tax bills by channelling profit through low-tax regimes.