Does Remington have a future?
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    Does Remington have a future?

    Remington announced that its filing for bankruptcy. What exactly does that mean? Are they going out of business entirely? I feel I’ve heard of businesses that file for bankruptcy but continue to exist after the fact, but I always thought bankruptcy meant you were done as a company. If they do go out of business, what does it mean for any Remington firearms in stores? Will they go on sale (assuming any stores currently have any). What about their ammo availability? Hard to believe they are having financial difficulties during the biggest gun sales rush in history.

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    How can a company that has to be making money hand over fist from gun sales, ammunition sales, and component sales, be filing bankruptcy? If you're having trouble with keeping yourself afloat in a northern city, then MOVE ! There are plenty of states south of the Mason-Dixon line that would love to have your factory there.
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    I don't know. Bad management? Who is controlling the company? Rich liberals have been buying up things to control subvertly ,to "engineer" what they can't do openly. Their evil has no bounds. Liars and deceivers.

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    Actually Remington filed bankruptcy because of the Sandy Hook lawsuit. They were able to block it for a few years, but finally lost in court. The Navajo tribe was considering buying Remi and their subsidiary companies, but I haven't heard anymore about that.
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    They really haven't done much innovation, and when they did it didn't go so well recently. Add to that debt as well as legal, tax, and environmental costs and I can see why they are going under.

    The Navajo Nation even paused a bit. They are still doing due diligence but are saying they need to take a deeper look.
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    I don't care that much about Remington but I hope Marlin can recover from being handled by Remington.
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    Quote Originally Posted by texastaurusguy View Post
    How can a company that has to be making money hand over fist from gun sales, ammunition sales, and component sales, be filing bankruptcy? If you're having trouble with keeping yourself afloat in a northern city, then MOVE ! There are plenty of states south of the Mason-Dixon line that would love to have your factory there.
    They were owned by Cerberus. They did the corporate raider thing and ran the place into the ground. There's an article floating around the internet that explains exactly what they did and how.

    Basically, they got all the cash out that they could early on and then had Remington borrow more to operate with a reduced manufacturing staff with a LOT of part timers (hence, the drastic drop in QC we've seen in the last couple of years).
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    I believe the bankruptcy thing is a Chapter 11 and a company has worked out some sort of reduction or elimination of debt and payments to creditors and can still stay in business. That's my simple understanding of it anyway.
    BigBlue, olfarhors and MoKen like this.

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    Quote Originally Posted by CJS3 View Post
    Actually Remington filed bankruptcy because of the Sandy Hook lawsuit. They were able to block it for a few years, but finally lost in court. The Navajo tribe was considering buying Remi and their subsidiary companies, but I haven't heard anymore about that.
    I read somewhere that it turns out the Navajo Nation doesn't have the proper licensing to sell and all that Federal junk. I suppose they could sell inside their boundaries but not outside so they took a step back. That's kind of what I got from it anyway.

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    Quote Originally Posted by MoKen View Post
    I don't care that much about Remington but I hope Marlin can recover from being handled by Remington.
    After their initial fiasco of a handover, Remington has actually done a good job with recent Marlin rifles. I still prefer older JM marked Marlins, but I have a few newer ones made last year, a .30-30, .44 mag. and a .444, and they are smooth functioning, accurate rifles. I would hate to see Marlin get pulled under by a failing Remington.
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