Remington filing for bankruptcy, again.

[mowin]

https://www.foxbusiness.com/lifestyle/remington-arms-bankruptcy-surging-gun-demand

[Jeremy K]

How can they possibly file for bankruptcy ? They must be pulling some scum bag shit to get rid of debt.  

Edited July 28, 2020 by Jeremy K

[Trial153]

Private investment MO, buy the company cheap, load it with debt, suck every penny out of it. Then dump the debt and screw over your creditors. Rinse and repeat.

[mowin]

12 minutes ago, Trial153 said:

Private investment MO, buy the company cheap, load it with debt, suck every penny out of it. Then dump the debt and screw over your creditors. Rinse and repeat.

Link said it was never sold. Deal fell through. 

[Trial153]

Link said it was never sold. Deal fell through. 

Its was purchased in 2007 by Cerberus, a private equity firm and remained Remington outdoor company in 2015 ....tacking on and racking up debt all during the biggest firearm booms of all time....bankruptcy in 2018 with a new debt to equity plan.....and here we are again. So yes it was sold, and milked and debt ridden again..... now they been fishing for a new sucker, I mean buyer and it hasn't happened. I think this ship has saled for good. And rightly so.