Arthur Price
 | |
| Founded | 1902 in Birmingham |
|---|---|
| Headquarters | , England |
| Products | Cutlery and silverware |
| Website | www |
Arthur Price is a Sheffield-based manufacturer of cutlery and silverware, originally established in Birmingham, England in 1902, and later moving to Sheffield. It opened a subsidiary plant again in Birmingham and by the 1950s was the biggest manufacturer of stainless steel cutlery in the country. By the 1990s the company had shifted towards provision, supply and branding, rather than manufacture, of cutlery. It has been owned and managed by five generations of the Price family.
Company history
Arthur Price has been called a traditional English family-owned company.[1] Arthur Price himself was born on 3 March 1865, and as a young man spent two decades employed in the flatware industry before setting up his own company in Aston, Birmingham, in the name of Arthur Price of England, Master Cutlers & Silversmiths.[1] In 1912 the company was commissioned to supply the top-range of cutlery for RMS Titanic's maiden voyage.[2][3]
The company was adaptable in adverse economic conditions, says Bryson. It successfully adjusted its business strategy during the 1940s and 1950s as both the nature of technology and labour changed and consumerism became a growing influence on manufacturing. In the 1940s, he says it was a "factory-led" company, in that the company was driven by what it could produce. In contrast, by the following decade, there was a growing shift towards a consumer-driven economy. The difference for Arthur Price was that, in the latter period, the company tailored production to what was wanted.
In 1964 John Price (grandson of the founding Price)
Arthur Price survived as a family firm, but now production has been outsourced and offshored as the copay's focus has shifted from manufacturing to designing, sourcing and marketing cutlery.[1]
A. Bryson
In 1992 the company began importing products for resale; up until that point, everything sold had been made in Sheffield. This, suggests Bryson, reflected the strained market cutlery manufacturers generally—and Arthur Price particularly—were now operating in. Reflecting the fact that, by now, surveys indicated that most consumers were unwilling to pay more than £100 for a six-person set. Arthur Price's entry into the import market followed their competitors;[1] Simon Price—the founder's great-grandson[4]—suggested that "no leading cutler in Europe was without a lower end of imports" at the time, and that his firm was no exception in.[7] As a result, Arthur Price products were formed into two divisions and would be hallmarked and marketed as either International—those that were imports—or of England, if they had been made in Sheffield.[1] By this time, one commentator has observed, the company was in effect "not a production facility so much as a service",[8] as it manufactured to order, on behalf of hotel chains and kitchen designers.[8]
The transformation of Arthur Price from an industrial manufacturer to the mass market, to a service provider to other industries, has been used to illustrate the decline of Britain's manufacturing and the growth of its service industry.[8][note 3]
As of 2018, the company held a
Notes
- ^ This process, says Bryson, is indicative of the economic approach he calls "place-based investment", in which a manufacturer invests in either accessing markets or accessing labour and materials.[1]
- ^ In direct response to Price's campaign, a major competitor, Viners attempted to undercut Arthur Price by importing low-cost blanks from Hong Kong and imprinting them with their hallmark. This was a controversial business strategy for the period, and, says David Hey, suggests that Price's campaign had placed Viners in a "desperate" position.[3] However, the strategy also allowed further investment in technology by reducing companies' labour costs.[6]
References
- ^ a b c d e f g Bryson 2018, p. 143.
- ^ a b Martin 2016, p. 83.
- ^ a b c d Hey 1998, p. 236.
- ^ a b c Arthur Price 2018.
- ^ The Engineer 1977, p. 31.
- ^ a b c d Massey & Meegan 2014, p. 78.
- ^ Price 1997, p. 212.
- ^ a b c Sadler 1978, p. 5.
- ^ TRWHA 2018.
Bibliography
- Arthur Price (2018). "Family Tree". Arthur Price Ltd. Archived from the original on 11 November 2018. Retrieved 11 November 2018.
- Bryson, A. (2018). "Divisions of Labour, Technology and the Transformation of Work: Worker to Robot or Self-Employment and the Gig Economy?". In Paasi, A.; Harrison, J.; Jones, J. (eds.). Handbook on the Geographies of Regions and Territories. Cheltenham: Edward Elgar Publishing. pp. 141–152. ISBN 978-1-78536-580-5.
- Hey, D. (1998). A History of Sheffield. Lancaster: Carnegie. ISBN 978-1-85936-045-3.
- Martin, K. (2016). Famous Brand Names and Their Origins. Barnsley: Pen and Sword. ISBN 978-1-78159-015-7.
- Massey, D.; Meegan, R. (2014). The Anatomy of Job Loss (Routledge Revivals): The How, Why and Where of Employment Decline. London: Routledge. ISBN 978-1-13469-750-2.
- Price, J. (1997). The Cutlers Tale. Lichfield: Arthur Price Publishing. ISBN 978-0-95300-890-2.
- Sadler, P. (1978). "O.R. and the Transition to a Post-Industrial Society". The Journal of the Operational Research Society. 29: 1–7. S2CID 153336421.
- The Engineer (1977). "The Knives Come Out". The Engineer. 245. OCLC 958695930.
- TRWHA (2018). "Arthur Price & Co Ltd". The Royal Warrant Holders Association. Archived from the original on 11 November 2018. Retrieved 11 October 2018.