This followed the decision made by EMI's American subsidiary Capitol Records not to exercise its option to release the Beatles singles in the U.S. Swan also assumed the rights to the German version of "She Loves You", "Sie Liebt Dich" which peaked at No.
The success of the "She Loves You" single kept Swan going while other small record labels were snowed under by the British Invasion, but it finally closed filing bankruptcy in 1967.
The label was distributed by fellow Philadelphian record company Cameo-Parkway Records, which at the time was the hottest label for teenage dance crazes ("The Twist", "Limbo Rock", "(Do) The Bird", "Wah-Watusi", "Mashed Potato Time", "Gravy (For My Mashed Potatoes)", "Hully Gully Baby", "Bristol Stomp", "(Do the) New Continental").
The Three Degrees had a moderate hit with a cover version of the Five Keys' "Close Your Eyes", but scored better on Roulette with their remake of the Chantel's "Maybe" and "When Will I See You Again" on Kenny Gamble and Leon Huff's Philadelphia International Records.
[2] It contains a detailed account of the records of The Beatles on the Swan label, as well as United Artists, Decca, Atco, MGM and Polydor, plus a section about the Capitol releases from the '70s and '80s.