blackbird Posted February 14, 2018 Report Share Posted February 14, 2018 There was a bit on US business channel earlier apparently Remington arms have filed for bankruptcy. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted February 14, 2018 Report Share Posted February 14, 2018 They have filed for Chapter 11 which means they can still continue to trade but the creditors cant close them down. Its a sort of half way house but it doesn't look good for them. I think most of the American gun and ammo makers are in a similar position. Quote Link to comment Share on other sites More sharing options...
TriBsa Posted February 14, 2018 Report Share Posted February 14, 2018 Yes, paradoxically the boom years came under Obama when Americans feared anti gun legislation and stocked up. Now with President Trump that impetus has disappeared and sales have diminished. In Remington's case they failed to move with the times and develop new products. It doesn't look good for them. Quote Link to comment Share on other sites More sharing options...
Dekers Posted February 14, 2018 Report Share Posted February 14, 2018 (edited) That's news to me, and if true, which seems likely, is more than unfortunate! They have been through the grind for a long time though, so perhaps this really is the end...but I'm sure someone will step in and do something/buy them....but I haven't a clue who that may be! Edited February 14, 2018 by Dekers Quote Link to comment Share on other sites More sharing options...
Jaymo Posted February 14, 2018 Report Share Posted February 14, 2018 Didn’t Colt Firearms also do the same back in 2015 Quote Link to comment Share on other sites More sharing options...
Jason_ox Posted February 14, 2018 Report Share Posted February 14, 2018 Quote Link to comment Share on other sites More sharing options...
notsosureshot Posted February 14, 2018 Report Share Posted February 14, 2018 If the US government put together a rescue package I wonder if the company would be renamed to Trumpington Outdoor Company. Hmm. Quote Link to comment Share on other sites More sharing options...
matone Posted February 14, 2018 Report Share Posted February 14, 2018 It`s not only arms companies in the USA,there seems to be a failing business model in many large firms,all relating to massive debt burdens. Quote Link to comment Share on other sites More sharing options...
Westley Posted February 16, 2018 Report Share Posted February 16, 2018 On 14/02/2018 at 17:14, notsosureshot said: If the US government put together a rescue package I wonder if the company would be renamed to Trumpington Outdoor Company. Hmm. More 'TRUMPTON' Outdoor Company, complete with a merry go round ! Quote Link to comment Share on other sites More sharing options...
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