Entrepreneur Sir Richard Branson has sold his rights to the UK and Irish Virgin Megastore retail chains to a management buy-out team. Virgin stores will be rebranded “Zavvi”, as the business was bought by Zavvi Entertainment Group for an undisclosed sum. 125 stores will transfer and be renamed by November, while the websites and Irish stores will all be rebranded in January.http://www.ft.com/cms/s/0/9df0af36-646c-11dc-90ea-0000779fd2ac.html