Remington Bankruptcy

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JustSomeOldGuy
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Remington Bankruptcy

Postby JustSomeOldGuy » Mon Feb 12, 2018 5:22 pm

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jason812
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Re: Remington Bankruptcy

Postby jason812 » Mon Feb 12, 2018 5:51 pm

$950 MILLION in debt was not cause from a short term sales slump. They were clearly being miss managed for years.

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Oldgringo
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Re: Remington Bankruptcy

Postby Oldgringo » Mon Feb 12, 2018 6:21 pm

I surely did enjoy the various 870's I've owned over the years. Pump guns that shot many living and clay targets. :nopity


rotor
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Re: Remington Bankruptcy

Postby rotor » Mon Feb 12, 2018 7:07 pm

Doesn't mean they are gone. They made some great shotguns (Versamax) and had some bad handgun decisions. Really messed up the Marlin brand. Time will tell.

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Deltaboy
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Re: Remington Bankruptcy

Postby Deltaboy » Mon Feb 12, 2018 7:17 pm

They cut Quality controls and ruined the Marlin line ! The Chickens have come home to roost!
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OneGun
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Re: Remington Bankruptcy

Postby OneGun » Mon Feb 12, 2018 10:07 pm

The bankruptcy filing is Chapter 11, the company will reorganize and emerge from bankruptcy with a stronger balance sheet.
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WildBill
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Re: Remington Bankruptcy

Postby WildBill » Mon Feb 12, 2018 11:13 pm

I wonder if part of the reason for the bankruptcy is to protect the company from judgments from potential lawsuits.
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AJSully421
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Re: Remington Bankruptcy

Postby AJSully421 » Mon Feb 12, 2018 11:20 pm

Quality went down the tube, they developed two flops for pistols (3 if you include them as the 1,000th gun maker to make 1911s) No surprise here.
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SQLGeek
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Re: Remington Bankruptcy

Postby SQLGeek » Tue Feb 13, 2018 1:51 am

If they can get out from under Freedom Group, they might have a chance to redeem their brand. This could end up being a good thing.
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K.Mooneyham
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Re: Remington Bankruptcy

Postby K.Mooneyham » Tue Feb 13, 2018 12:10 pm

When I saw that Cerberus had been involved, I no longer questioned what had happened to them. An investment group that probably knows close to zero about firearms.

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AndyC
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Re: Remington Bankruptcy

Postby AndyC » Tue Feb 13, 2018 12:20 pm

Get rid of investment groups, dump anything handgun-related and focus on building quality 870, 1100 and 700 series long guns.
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The Annoyed Man
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Re: Remington Bankruptcy

Postby The Annoyed Man » Tue Feb 13, 2018 1:40 pm

AndyC wrote:Get rid of investment groups, dump anything handgun-related and focus on building quality 870, 1100 and 700 series long guns.

Word.

And cut AAC loose too.
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RoyGBiv
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Re: Remington Bankruptcy

Postby RoyGBiv » Tue Feb 13, 2018 1:56 pm

And publish an apology for purposely hiding their problems with the 700-series trigger for nearly 2 decades and how many unnecessary deaths...?
https://www.cbsnews.com/news/popular-re ... y-defects/

Remington is already dead to me.
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puma guy
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Re: Remington Bankruptcy

Postby puma guy » Tue Feb 13, 2018 2:24 pm

AndyC wrote:Get rid of investment groups, dump anything handgun-related and focus on building quality 870, 1100 and 700 series long guns.

Sell Marlin back to the fired North Haven, CT fired Marlin Factory workers.
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karder
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Re: Remington Bankruptcy

Postby karder » Tue Feb 13, 2018 3:14 pm

Poor management ruining an iconic brand. They can make it through the bankruptcy, but not doing business the way that they are. When I was a youngster, Remington was one of the first brands I thought of when the subject of rifles or shotguns came up. Now it is nowhere near the top of my list. I really hope that they bring in a new management team and reinvent themselves. There is way too much competition for anyone to produce a sub-par product, even an American Icon like Remington.
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