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Remington gunmaker files for second bankruptcy in two years
Remington CEO D’Arcy via a court filing declared bankruptcy for the second time in two years with plans to sell its business. The 204-year-old firearms conglomerate continued to struggle with weak sales after a 2018 restructuring cut down its hefty debt and handed ownership to its creditors. The company has entered bankruptcy without a leading bidder as sale talks with Navajo Nation fell through.
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Randy
4 months
Then Let Them FAIL
Mike
4 months
True capitalism, they're inept so therefore no bail out.
Ver
4 months
Capitalism 101: 1) buy a trademark with a high recognition for quality 2) drastically cut producing cost i.e. quality of product 3) maximise profits for as long as you can fool the consumer 4) file for bankrupcy / get public money 5) repeat elsewhere
Top in Business
How? Every gun store within 50 miles of st. Louis is sold out of like everything and gunbroker.com is nuts right now with 500$ guns selling for like 1000$. And they make ammo too which, again, is like sold out or on a 2 box limit everywhere. I couldnt find an ar 15 to buy ended up buying a stripped lower receiver and ordered a kit to build my own online. Should be here in a couple days! Is it like this everywhere?