JOURNAL ARTICLE

Billionaire Sir Richard Branson plans to take on Eurostar's 30-year train monopoly with $900 million Virgin Group fundraise.

  • Published In: Fortune.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hogg, Ryan 3 of 3

Abstract

The article discusses British billionaire Sir Richard Branson's plans to challenge Eurostar's monopoly on rail travel between London and continental Europe through his Virgin Group. The company aims to raise up to £700 million (approximately $900 million) to establish its own cross-channel rail service, potentially operational by 2029. Virgin Group's initiative comes amid ongoing disputes regarding space at the Eurostar-leased London depot, which could impact the launch of new services. Eurostar has expressed support for increased competition in the rail sector, highlighting the growing demand for rail transport in Europe. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2025/03, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2025
  • Accession Number:183604975
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