US - Remington files for bankruptcy

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MelmothTheLost

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  • #1
America's oldest gunmaker Remington files for bankruptcy after 200 years in business

After more than 200 years in business, America’s oldest gunmaker has filed for bankruptcy.

Remington Outdoor Company‘s chief financial officer, Stephen Jackson, said the company’s sales had fallen significantly in the last year, in court papers filed over the weekend.
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https://www.independent.co.uk/news/...st-gun-control-florida-shooting-a8273751.html

It doesn't sound as though this was entirely unexpected.
 
  • #2
Remington has been in financial trouble for a long time. Bad management mostly I think. Its sad, but it will be interesting to see what happens.
 
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