Sunday, February 11, 2018

Remington filing for bankruptcy?

This just dropped in from a dark and rainy sky.

Remington Outdoor Company Inc, one of the largest U.S. makers of firearms, has reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy, people familiar with the matter said on Thursday.

I've heard this rumor a few times before, but nothing's ever came from it. I guess the good times for gun owners really are becoming bad times for gun manufacturers.

2 comments:

B said...

Yeah, but management has looted the company and loaded it up with debt. Not just the changing gun environment.

Robert said...

Well, poop. I just got three rebate checks from them a few days ago. Impatiently awaiting warmer weather so my fingers don't freeze to the guns...