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Remington, the oldest U.S. gunmaker, files for bankruptcy amid declining sales
NewsRemington

Remington, the oldest U.S. gunmaker, files for bankruptcy amid declining sales

The company had seen a year’s worth of slumping sales and could not meet requirements from its lenders, Remington chief financial officer Stephen Jackson said in documents filed in the U.S. Bankruptcy Court for the District of Delaware, Reuters reported. The filing was not entirely a surprise. The company had announced on Feb. 12 that it had…

US gun maker Remington files for bankruptcy protection
NewsRemington

US gun maker Remington files for bankruptcy protection

Remington, a company that began making flintlock rifles when there were only 19 United States, has filed for bankruptcy protection. Mounting debts at the arms manufacturer have snowballed, ironically, since the election of Donald Trump, who has called himself a "true friend" to the gun industry. Remington, which as roots dating to 1816, has lined…

Gun Maker Remington Seeks Bankruptcy Protection
NewsRemington

Gun Maker Remington Seeks Bankruptcy Protection

Firearms maker Remington Outdoor Co. sought bankruptcy protection Sunday, in the face of a heavy debt load, falling sales and lawsuits tied to the Sandy Hook school shooting. Remington filed for chapter 11 protection in the U.S. Bankruptcy Court in Wilmington, De

Gunmaker Remington files for bankruptcy
NewsRemington

Gunmaker Remington files for bankruptcy

(Reuters) - Remington Outdoor Co Inc [FREDM.UL], one of the largest U.S. makers of firearms, filed for bankruptcy protection on Sunday to carry out a debt-cutting deal with creditors amid mounting public pressure for greater gun control. The company listed assets in the range of $500 million to $1 billion and liabilities in the range…