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Virgin Megastore employees demonstrate against planned job cuts at the entrance of the store on the Champs-Elysees avenue on January 9, 2013 in Paris. Virgin's Megastore music and book unit, which is known in France as a "culture" retailer, said it will file for insolvency on January 9, 2013, and is the latest to leave the Champs as clothing chains, luxury goods shops and automobile showrooms take over. 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. AFP PHOTO/JACQUES DEMARTHON (Photo credit should read JACQUES DEMARTHON/AFP via Getty Images)