Feeds

Virgin considers dipping toes into 'daily deals' offering

Groupon clone sought, says report

New hybrid storage solutions

Virgin is mulling a "daily deals" coupon service to compete with privately-held Groupon, Google and other web players that operate or have interest in that market.

According to today's Financial Times, an ex-Virgin exec suggested last year that the company should get in on the online coupons game.

People familiar with the plans told the pink paper that the former unnamed exec had been pitching "Virgin Deals" to would-be investors on both sides of the Atlantic over the past few months.

It's understood that if Virgin bags the funding needed for such a venture, then a service will be launched later this year offering discounts on its own brands as well as products from other firms.

According to the report, around £30m is needed to spend on advertising such a service as well as to pull together a sales team.

The Register asked Virgin to comment on this story, but it didn't immediately get back to us.

Virgin's desire to clone Groupon's biz model is hardly surprising. While it is a relatively new kid on the block, having only arrived in 2008, there has been feverish interest in its business in recent months.

In December, the Chicago-based e-commerce coupon website snubbed Google's massive $6bn buyout approach, preferring instead to raise equity and eventually take the fast-growing company public.

Google has since started work on its own rival e-coupon site. ®

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.