Fifth-generation family member takes the helm of 123-year-old Staffordshire cutlery firm that supplied the Titanic
A family-run British cutlery firm is entering a new chapter in its 123-year history as a fifth-generation family member steps into the role of CEO.
The leadership transition marks another milestone in Arthur Price's long history, with James Price succeeding his father Simon, who will take on the role of chairman of the Lichfield-based firm.
James joined Arthur Price in 2012 after completing his university studies and gaining experience at a direct marketing agency.
Beginning his Arthur Price apprenticeship aged 23, he worked across all departments, and more recently managed the Sheffield factory and led the hotel, catering, and hospitality sales division.
Reflecting on his new role, James, aged 36, said: “For as long as I can remember Arthur Price has been my passion. I remember as a small child going into work with my dad, also seeing my grandfather in his office. Working in a family business isn’t a job, it’s a way of life and I look forward to stepping into these special shoes.
“My father has transformed the business from being mostly known for luxury cutlery to a tableware brand with growing sales both in the UK and abroad.
“His ability to navigate challenges like recessions and a pandemic has been nothing short of inspiring. As I step into this role, I will always welcome his wisdom and guidance.
“We also have an incredible team and together, I aim to uphold our legacy and contribute to the continued success of this iconic British brand.”
Simon Price, who started his Arthur Price journey in 1982, said, “My father instilled in me the importance of experiencing every facet of the company, from working in the warehouse to selling on the road. James has undertaken the same journey and has excelled, demonstrating now he is more than ready to take the baton.
“As chairman, I will gradually step back from daily operations and focus on planning, ensuring Arthur Price remains at the forefront of British cutlery across the globe. I also wish to do more voluntary work. I’ve been fortunate to be able to support the charitable sector and look forward to contributing even more.
“The role is called CEO but I think a more appropriate title is 'guardian', someone entrusted with safeguarding the Arthur Price name and brand for future generations. I know the future of the company couldn’t be in safer hands.”
Arthur Price started in Aston, Birmingham, in 1902 using a small gas engine to cast nickel silver ingots because the site had no electricity.
After 10 years the company had prospered and one of its first big contracts was supplying RMS Titanic.
Innovation became key to business development: Arthur Price was the first to use chromium plate, the forerunner to stainless steel. British quality was a key selling point and after the Second World War the company grew into a world-wide exporter.
After opening a factory in Sheffield in the 1950s, the brand repositioned itself as the maker of the finest cutlery - supplying top hotels, cruise ships and airlines.
Over the years the company has received two Royal Warrants and continued to adorn top tables. More recently it has expanded its range to include everyday items which has led to significant expansion across the globe.
The Birmingham and Sheffield factories still produce the fine cutlery and hollowware while the Lichfield headquarters is the centre for sales, distribution and administration. The Arthur Price Factory Shop, the UK’s biggest cutlery shop, is also located in Lichfield.
