Record company founders Charles and Evelyn Aron began Aristocrat around March 1947. Initially their partners were Fred and Mildred Blount and Art Spiegel. Around June of the same year Leonard Chess became an A&R man for the company. Later Leonard Chess bought a share of the firm, then bought the Blounts out. In December 1949, Leonard and Phil Chess bought out any remaining shares and became the sole owners. On June 3, 1950 they renamed the label Chess records.