Remington bankruptcy?

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jims

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I read recently, I think on Shotgun World, that Remington was considering bankruptcy protection. Not saying this is true but what is being mentioned.
 
Had to google that one. Apparently its true! BUT, how did they get $950 mill+ in debt, when for the last...decade or so, gun sales have been setting and breaking all kinds of new records under the Oblabla gun/ammo frenzy. Last few years I bought 3 new rem rifles, and 2 actions... :D Im doing all I can.
 
Squeeze said:
Had to google that one. Apparently its true! BUT, how did they get $950 mill+ in debt, when for the last...decade or so, gun sales have been setting and breaking all kinds of new records under the Oblabla gun/ammo frenzy. Last few years I bought 3 new rem rifles, and 2 actions... :D Im doing all I can.

Mismanagement by the parent company.
 

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