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Virgin France to declare insolvency

7 January 2013 Last updated at 09:33 GMT

The company that owns the Virgin Megastore chain in France is expected to formally declare the business insolvent on Monday.

The firm, which is no longer affiliated with Richard Branson's Virgin Group, has 25 stores in France that are in danger of closure, and the jobs of more than a thousand staff are at risk.

Brian Milligan reports.