Branson starts talks with Universal Music on Virgin Records deal

Mogul says label he founded has been 'mismanaged' over the past decade and is a 'sleeping beauty' that could be rejuvenatedSir Richard Branson has opened talks with Universal Music in his bid to buy back Virgin Records, saying the label behind the Spice Girls had been "mismanaged" over the past decade.Branson, speaking for the first time about his ambition to return to the business he started more than 40 years ago, said it was a "sleeping beauty" of an asset as he talked up his hopes for a deal...

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