Beggars Group is a London-headquartered independent label group.
The company, which also runs an office in New York, continues to be run by its co-founder, Martin Mills, who originally established the company in 1977.
Portfolio of labels
Beggars owns a 50% stake in a three significant independent record companies: XL Recordings, Matador, and Rough Trade.
In addition, Beggars Group owns 100% of 4AD, and its own in-house publishing company, Beggars Music.
XL Recordings owns 50% of Young Turks – home to artist including The XX – a stake that was reduced from 75% on January 1, 2019.
According to filings with UK Companies House, Beggars Group generated £63.1m ($83.4m) in total turnover in 2019.
That was down by £11.1m on the £74.2m Beggars generated in the prior year.
Its operating profit in 2019 stood at £3.7m ($4.9m) in 2019, down from £11.95m in 2018Music Business Worldwide