Embassy Records was a UK budget record label that produced cover versions of current hit songs that were sold exclusively in Woolworths shops at a lower price than the original recordings. Embassy can therefore be seen as the UK equivalent of U.S. labels such as Hit and (in its early days) Bell Records. The label was the result of a contractual arrangement between Oriole Records and Woolworths, with Embassy's product being sold exclusively through the latter's stores from 1954 to 1965. The label disappeared after the parent company, Oriole, was taken over by CBS Records. Later, from 1970 through to 1980, CBS Records revived the Embassy imprint to release budget versions of albums in the UK and Europe by artists that were signed to its parent company, Columbia Records.