Published Jul 24, 2007Influential UK indie label Rough Trade Records has followed in the footsteps of 4AD, Matador and Too Pure in joining the Beggars Group, which has purchased the Sanctuary Group's interest in the company.
Rough Trade will continue to run its operations from their Golborne Road offices in London, while Beggars will take over central office functions.
In a statement, Rough Trade founders Geoff Travis and Jeannette Lee said:
"It has been a long and fitful journey from the time we were selling Lurkers singles in the Rough Trade shop on Kensington Park Road to this brand new partnership with Martin Mills and his Beggars Group. It has been a road littered with bumps and crashes but nevertheless we have had many world class artists gracing our label.
Jeannette Lee and myself feel that history has bought us full circle and we know that this liaison will finally give the label the kind of stability, dynamism and expertise that will allow us to grow on a worldwide basis. We share a culture that is about our artists and their work.
To continue to be a wholly Independent label, with the support of the Beggars Group, is the best of all possible worlds to our way of thinking. We are genuinely excited about the future and the opportunity to bring new records and new artists to the world's attention."
The Rough Trade label was founded in 1978, growing out of a record shop started by Travis two years earlier. In its 29 years, the label has helped discover and release records by the likes of the Smiths, Scritti Politti, Young Marble Giants, the Strokes and the Libertines. Currently the label's roster includes Super Furry Animals, the Long Blondes, the Hidden Cameras, Arcade Fire and Jarvis Cocker, among others.
The Smiths "There Is A Light That Never Goes Out"