Embassy Records was a UK budget record label that produced cover versions of current hit songs, which were sold exclusively in Woolworths shops at a lower price than the original recordings. The original label was active between 1954 and 1965, after which it disappeared when its parent company, Oriole, was taken over by CBS Records. Later, between 1973 and 1980, CBS Records revived the Embassy imprint to release budget versions of albums in the UK and Europe by artists who were signed to its parent company, Columbia Records.