Victory Corp registers solid growth of 10.6 from cosmetics & jewellery business
22 Jun '05
12 min read
Virgin Clothing Unique Commerce Limited (UCL), our underwear licensee, went into administration in April 2005. For quite a period of time, they were unhappy with the product offer and brand execution of the underwear business by UCL. Although it is unfortunate that they went into administration, one consequence of this is that the underwear licence reverts back to Virgin Clothing, giving us the opportunity to start again and build a successful underwear product offer going forward. They are currently in discussions with a number of third parties, and hope to make announcements later in the year about our new licensing partner for this important product category.
Established in 1996, The Victory Corporation was set up as a holding company for two businesses, The Virgin Cosmetics Company and The Virgin Clothing Company, both of which have exclusive global licences to use the Virgin trademark.
The Victory Corporation is the holding company for The Virgin Cosmetics Company. The Virgin Cosmetics Company was set up in 1997, and encompasses the philosophy that runs through every Virgin company, a fun, approachable brand offering the best in service, quality and value. Working with a team of experts from around the globe, formulators, manufacturers and designers The Virgin Cosmetics Company devised a range of beautiful products, skincare from Switzerland and make-up from Milan, all of which are affordable and most importantly available to all.ty ty and value. Working with a team of experts from around the globe, formulators, manufacturers and designers The Virgin Cosmetics Company devised a range of beautiful products, skincare from Switzerland and make-up from Milan, all of which are affordable and most importantly available to all.
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