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Remington Bankruptcy

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Remington Bankruptcy Empty Remington Bankruptcy

Post by Bigtrout 6/27/2020, 6:39 am

Just read online that Remington is preparing to file for bankruptcy.


Last edited by Bigtrout on 6/27/2020, 6:40 am; edited 1 time in total (Reason for editing : spelling)
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Post by Regular_Guy 6/27/2020, 1:13 pm

Isn't this a recurring theme with Remington? Or am I thinking about something else?
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Post by rkittine 6/27/2020, 1:43 pm

Not so recurring, it is only the 5th time.
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Post by hg401 6/27/2020, 7:44 pm

Just another "win" for private equity.

https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

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Post by james r chapman 6/27/2020, 8:13 pm

Don’t want NY Times!!!
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Post by L Valdez 6/29/2020, 9:23 am

Thanks for posting the article, great reading for me.

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Post by Jack H 6/29/2020, 11:24 am

My 721, 722, 725 and 40x rifles are becoming dated.
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Post by javaduke 6/29/2020, 2:33 pm

hg401 wrote:Just another "win" for private equity.

https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html

I had no idea Remington made assault rifles...

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Post by jglenn21 6/29/2020, 6:05 pm

They owned bushmaster or at least their parent company did
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Post by hg401 6/29/2020, 9:00 pm

jglenn21 wrote:They owned bushmaster or at least their parent company did

Despite the employee quote in the article, they do not manufacture assault weapons as they are semi-automatic only.  Remington did buy DPMS (a small AR manufacturer in Minnesota) and moved production.  They bought Bushmaster as well.  Private equity firms are all about extracting value from a company.  Then riding off into the sunset.

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Post by chopper 6/29/2020, 10:49 pm

Sounds like a new name for a "holding company"
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Post by hg401 6/30/2020, 9:00 am

chopper wrote:Sounds like a new name for a "holding company"
Stan

In some respects worse as private equity firms want to make a profit and cash out quickly.

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Post by sbtzc 7/1/2020, 9:34 am

Potential Remington buyer -

https://www.reuters.com/article/remington-arms-bankruptcy/update-1-remington-arms-prepares-for-bankruptcy-navajo-tribe-in-talks-to-buy-source-idUSL4N2E32QP
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