Tuesday, December 08, 2009

What Recession?

James Purdey & Sons, the gunsmith owned by Cie. Financiere Richemont SA, will expand production of its entry-level, 31,625-pound ($52,000) shotguns this fiscal year, broadening the company’s market as the wealthiest luxury- goods shoppers retrench.

Purists respond by saying cheaper guns may risk Purdey’s cachet and cannibalize demand for the more expensive guns, according to Florian Thaler, a London-based shooting enthusiast who trades commodities for a living.

Sporters are ideal for clay-pigeon shooting and may win new clients who later commission a bespoke gun for game, while their light weight may appeal to female shooters as more women take up the sport, Purdey said.

They're going to need those guns when the revolution starts.