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Remington might file for bankruptcy #7073572 02/10/18 10:22 PM
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no-guts-no-glory Offline OP
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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7073990 02/11/18 05:07 AM
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Restructuring not the going out of business kind.


To be determined
Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7074201 02/11/18 02:06 PM
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Just take arranging their business is all

Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7075337 02/12/18 02:24 PM
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They got screwed over when Celebrus took them private.


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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7075381 02/12/18 03:01 PM
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What's the big deal? Colt has done this multiple times. It is just a reorganization thing.


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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7075604 02/12/18 05:34 PM
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They filed this morning

Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7075887 02/12/18 09:25 PM
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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7076629 02/13/18 02:37 PM
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From what I understand, things have not been going well at Remington for some time. At the Shot Show last month, there was not much optimism that things were going to turn around. They didn't have a new "wow" product that can create excitement.
Hope I am wrong but it appears that this is what happens when multi billion dollar corporations buy up companies that they know nothing about.
Adios,
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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7076684 02/13/18 03:18 PM
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$800 million in debt, sales down 27%.

I just have to wonder who keeps loaning these people money?

yeah they are going bankrupt, but the Remington name and their Model 700 rifles, Model 870 and 1100 shotguns are iconic. Somebody will buy up the remains of the company for a cheap price and start them back up again.


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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7076745 02/13/18 03:57 PM
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Re: Remington might file for bankruptcy [Re: VAFish] #7077423 02/13/18 11:44 PM
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Originally Posted By: VAFish
$800 million in debt, sales down 27%.

I just have to wonder who keeps loaning these people money?

yeah they are going bankrupt, but the Remington name and their Model 700 rifles, Model 870 and 1100 shotguns are iconic. Somebody will buy up the remains of the company for a cheap price and start them back up again.


Yeah, if they just didn't keep selling all those defective 700s and getting their arses handed to them in lawsuits and have to do all the retrofitting, I figure they would probably still be solvent, LOL.

They will reorganize like Colt did. No big deal.


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Re: Remington might file for bankruptcy [Re: no-guts-no-glory] #7084396 02/19/18 12:52 PM
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They recalled the 597 Magnum in 17HMR. New the rifles were selling for between $350-$500 depending on the configuration. As part of the recall they were giving either coupons for $350 towards another Remington, or a $200 check. That's piss poor customer service right there. I still have a new in box 597 Magnum in 17HMR in the safe that will never be shot. Guess it'll be a collectors item one day, since all the other receivers will either be cracked or sent back and re-barreled to 22mag. I vowed at that point to never purchase another new Remington or any of their acquired brands from that point on.

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