Remington Bankruptcy

[JustSomeOldGuy]

If even Barack O. couldn't make them profitable, there might be a real problem there......

https://www.usatoday.com/story/money/bu ... 329096002/
https://www.reuters.com/article/us-remi ... SKBN1FT04C
https://www.personaldefenseworld.com/20 ... r-company/

[jason812]

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

[Oldgringo]

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

[rotor]

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.

[Deltaboy]

They cut Quality controls and ruined the Marlin line ! The Chickens have come home to roost!

[OneGun]

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

[WildBill]

I wonder if part of the reason for the bankruptcy is to protect the company from judgments from potential lawsuits.

[AJSully421]

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.

[SQLGeek]

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.

[K.Mooneyham]

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.

[The Annoyed Man]

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.

[RoyGBiv]

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.

[puma guy]

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.

[karder]

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.