Beggars Banquet is an English independent record label that began as a chain of record shops owned by Martin Mills and Nick Austin, and is part of the Beggars Group of labels. In 1977, spurred by the prevailing DIY aesthetics of the British punk rock movement (then at the height of its popularity), they decided to join the fray as an independent label and release records under the Beggars Banquet imprint. The first band on the label was English punk group The Lurkers; the first ever release on the label was The Lurkers' classic 7" single "Shadow"/"Love Story". Later in the decade and into the early 1980s, hits with Tubeway Army and Gary Numan secured the label's future. They have since released music by Biffy Clyro, Buffalo Tom, The Charlatans, The Cult, The Go-Betweens, The National and Tindersticks. In 2008, Beggars Banquet became a catalog label only, closed to new signings. Artists that remained on their roster were shifted over to affiliate label 4AD.