History
Rough Trade began as a record shop, opened by Geoff Travis on Kensington Park Road, West London, in February 1976, with Travis reportedly taking the shop name from the Canadian art punk/new wave band Rough Trade.[2] It was inspired by what Travis has described as the "community-based environment" of the City Lights Bookstore in San Francisco, and specialised in garage rock and reggae. Steve Montgomery, initially a customer of the shop, was offered a job soon after it opened and became its effective co-manager. Travis and Montgomery were joined by a further employee, Richard Scott, in June 1977.[3][4]
Rough Trade produced its own record for the first time after French punk band Métal Urbain came into the shop asking for assistance in publicising their music.[4]
The Rough Trade label subsequently issued a single by Jamaican reggae musician Augustus Pablo, the debut EP by Sheffield band Cabaret Voltaire and the second Stiff Little Fingers single, "Alternative Ulster". During 1978, the label released singles by the Monochrome Set, Subway Sect, Swell Maps, Electric Eels, Spizzoil and Kleenex.[5] In 1979, Rough Trade's first album, Inflammable Material by Stiff Little Fingers, reached number 14 in the UK charts and became the first independently released album to sell over 100,000 copies in the UK.[6] Rough Trade's significance by this time was such that it was made the subject of a South Bank Show documentary.[7] By the mid-1980s the label was seeking partnerships with bands from multiple genres, stating that "Hardcore, Dance, Reggae, Experimental & undefinable are all welcome." In 1988 the label encountered financial troubles linked to the distribution arm, however singles continued to be released on the label in the U.K. until 1990.[8]
Rough Trade Records was relaunched in 2000 as an independently owned entity, a partnership between Travis, Jeannette Lee (a former member of Public Image Ltd.), and minority partners Sanctuary Records, as a part of the Zomba Group until 11 June 2002 when BMG bought out this business. Prior to the BMG buyout, Rough Trade Records released the Strokes' debut EP The Modern Age in the spring of 2001.[9] In July 2007 Sanctuary Records then sold its stake in Rough Trade to the Beggars Group for £800,000 making Rough Trade independent once again.[10] However, it can be argued that Rough Trade is not truly independent as it is owned by another company. Rough Trade is more accurately a subsidiary[11] that is owed by Beggars Group, which in turn is a privately held company not publicly traded on the stock market.[12] Throughout this period, and continuing under Beggars, the label has been co-managed by Lee and Travis.[13]
