Martin Mills started his music business in the 1970s from a mobile disco in Oxford and record shops in London. He soon developed it into the independent record label, Beggars Banquet, on the back of the punk movement and the music of Gary Numan. Now the business is one of Europe’s largest independent record groups, incorporating labels such as XL, and artists including Vampire Weekend, Adele, The National and Radiohead. The company has a large New York office and a presence in many of the capitals of Europe and Asia Pacific. Its international sales have risen 84% a year from £5.7m in 2006 to £19.2m in 2008 on the success of recent releases, the move away from licensing music and the weakness of sterling.
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