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It stands for Artist & Repertoire and it's basically the department of a record label that discovers and develops artists.
Artist and repertoire (A&R for short) is a music industry term that refers to the division of a record label that is responsible for scouting and developing talent. The A&R department is the link between the recording artist/act and the record label, and is often required to handle contractual negotiations, find songwriters and record producers for the act, and schedule recording sessions.
One of the A&R department's main jobs is sorting through the plethora of demo tapes sent by hopeful musicians to the label. A&R departments typically only accept solicited demos, or ones from business contacts that they are familiar with.
In some more artistic record labels, creativity is encouraged and songwriting and record producing is done by the artists
Artistes and Repettiore
Check out this webiste and it tells you everything:
http://www.taxi.com/faq/ar/
Alternatively just type the question into Yahoo and it comes up with lots of different sites