Twice during his conversation with Music Week, Bella Union founder and boss Simon Raymonde discusses scenarios (not actual, but not entirely imaginary either) under which he could have – or might yet – walk away from the business.

In one, the saving grace was the doughty resilience of physical retail fuelled by the adrenalin boost of the vinyl revival. In the other it is, as things stand, the reward that follows the risk of being involved with an artist for ...