Ownership
Ministry of Sound is owned by MSHK Group Limited, which has offices in London, Sydney and Berlin. The Chairman is James Palumbo, who is also the majority shareholder, a small minority share-holding having been sold to private equity house 3i in 2001. The Chief Executive Officer is Lohan Presencer. MSHK Group has global sales of £80 million and employs up to 500 personnel worldwide. Its mission statement is: "to create the moments that people live for". The company also owns the Hed Kandi, Euphoria, and Hard2Beat brands, and co-owns Ministry of Sound Australia's Hussle Recordings, along with MoSA and Hussle's founder and MoSA's Managing Director/Founder DJ Tim McGee. MSHK Group though Ministry of Sound Australia also own Downright Records, etcetc and Astrx.
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