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Remington filing for bankruptcy again

danno50

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Remington filing for bankruptcy again
« on: June 29, 2020, 06:17:08 AM »
Wyominghunter:
Remington under new leadership...Finally
on: March 10, 2020, 10:03:16 PM
There was an article in Rifleshooter magazine detailing how they have a new CEO.  It sounds like he will be taking the company in a much better direction; no longer focusing on the lower end price point firearms.  Additionally, it sounds like they will no longer be pushing Bushmaster and DPMS.  The new CEO stated that Remington is not an MSR company.  Rather interesting. I'm excited to see how the company changes over the next few years...

 Danno50 Reply #3 on: May 15, 2020, 10:30:53 AM
I think everyone wants Remington to succeed, mainly because of the history behind the name, and the great firearms that were developed by the old masters. Found an article on the new Remington CEO, his background, his motivation, and the positive steps he plans for Big Greens return to their Glory Days. The past few CEO's have all failed in their revamping attempts, hopefully for all Remington Aficionado's, CEO Ken D' Arcy is the right man for the job.

Seems the only way for Remington to have a new beginning is for someone to take over the company without any debt at all.

https://www.breitbart.com/politics/2020/06/28/remington-arms-prepares-bankruptcy-weighs-sale-navajo-nation/?utm_source=newsletter&utm_medium=email&utm_term=todays_hottest_stories&utm_campaign=20200628
DosEquisShooter

Grouchy

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Re: Remington filing for bankruptcy again
« Reply #1 on: June 29, 2020, 07:23:17 AM »
Between the trigger settlement and ongoing litigation revolving around Bushmaster, Remington is in deeper debt. The not so good rifles they produced for years hurts too. I wish them luck!

zonie

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Re: Remington filing for bankruptcy again
« Reply #2 on: June 29, 2020, 09:16:27 AM »
Hopefully they will go back to the good old day's of building quality hunting rifles and shotguns.  Navajo Nation trying to buy Remington  that would be interesting.   Maybe Ruger buying them out ?

Re: Remington filing for bankruptcy again
« Reply #3 on: July 04, 2020, 07:39:43 AM »
Having lived on the border of the Navajo Res for over 40 years, I hate to say that most of the tribal enterprises have gone "belly up" permanently. They have done O.K. with some of their casinos. One thing is for certain, the old Remmy management has to go and fast. GJ