If you were the managing director of the Harris & Sheldon Group on Regent Street in London during the 1970s, you were probably suffering from financial heart burn directly related to your acquisition of the stalwart Birmingham gunmaker, Webley & Scott.
Yes, you were quite pleased with the other companies in your diversified portfolio that churned out office furniture, fishing tackle, luggage and consumer goods. But the 1970s saw an international influx of new-generation competitors to the British trade such as Beretta, AyA, Miroku, SKB and Browning who sold superior mid-market sporting guns at lower prices. For a an old-guard Brit who enjoyed a few gin and tonics over lunch at the club, it may have been a bitter pill to swallow. The U.S., Europe and Japan were leapfrogging British manufacturing by capitalizing on post-war industrial innovation, in particular when it pertained to that Harris & Sheldon financial black eye, the 180-year-old Webley & Scott.
