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Employees of the retailer Virgin France Megastore demonstrate on... News Photo 161734785Banner,Business,Closing,Crisis,Economy,Employment Issues,Finance,Flag,France,Horizontal,Labor,Occupation,Paris,Placard,Protest,Protestor,Retail,Store,Strike,WorkingPhotographer PIERRE VERDYCollection: AFP 2013 AFPEmployees of the retailer Virgin France Megastore demonstrate on February 15, 2013 in Paris. Megastore music and book unit, which is known in France as a 'culture' retailer, said a month ago it will file for insolvency. Originally started by Richard Branson, the British billionaire and chairman of the Virgin Group, the Virgin megastores were bought by the French Lagardere group in 2001 before French-American businessman Walter Butler became the majority shareholder. Butler announced on January 20, 2013, its failure to relaunch the stores. AFP PHOTO PIERRE VERDY (Photo credit should read PIERRE VERDY/AFP/Getty Images)