Can we draw the following hypothesis from the context?

Context:

Philips Classics Records was started in the 1980s as the new classics record label for Philips Records. It was successful with artists including Alfred Brendel, Sir John Eliot Gardiner, Sir Neville Marriner and the Academy of St. Martin in the Fields, Mitsuko Uchida, Julian Lloyd Webber, Sir Colin Davis and Andre Rieu.

Hypothesis: Philips Classics Records was a British record label.
It's impossible to say