bf50f5 No.565795
>Firearms maker Remington Outdoor Co. sought bankruptcy protection Sunday, in the face of a heavy debt load, falling sales and lawsuits tied to Sandy Hook school shooting.
>Remington filed for chapter 11 protection in the U.S. Bankruptcy Court in Wilmington, Del., with plans to hand over control of the company to its creditors — including Franklin Resources Inc. BEN, -1.66% and JPMorgan Chase & Co.’s JPM, -2.67% asset-management division — in exchange for wiping much of its debt from its balance sheet
https://www.marketwatch.com/story/debt-laden-gun-maker-remington-files-for-chapter-11-bankruptcy-2018-03-25
94bb5b No.565797
04634a No.565800
>>565797
Its the holding company that is going to shit, not Remington/Marlin/Everyone else they've gobbled
94bb5b No.565803
>>565800
Maybe they’ll get bought be someone with good QC ( or is post 2008 reminton being shit just a meme?)
2eb1b3 No.565804
>>565803
>>565797
What are the chances that a Chinese company (or any other foreign national/corporation) gets to buy them out? I hope that there are laws against that.
Asking for a friend; the fucking chinks are buying up ports left and right, from Somalia to Darwin. The Yellow Peril isn't a joke, it's a serious problem.
a5bfa3 No.565805
>>565803
Remington does their own QC. The problem is that the parent company directed cost-cutting and this is how it ended up. If they want to do better, they need a good influx of capital, and that means new employees too. That's not going to happen, though, and what we'll likely see is more people let go. Buy a Savage 10 and be happy with your purchase. Only thing I don't like is that they no longer feature the indian head on their logo. There was actually a cool story behind that, but I guess they were afraid of being called racists, which I get.
04634a No.565808
>>565803
It ain't a meme, and >>565805 puts why it isn't.
>>565804
You should see the western seaboard. They're using the housing market to launder their money. It's hilarious. I doubt a foreign company would buy them, I have a feeling Remington will be Remington again and so forth.
98b072 No.565819
In before FN buys them also.
72626a No.565822
>>565819
>Winchester and Remington owned by the same company
All the doors of the winchester house would open and a hundred thousand clones of old man Oliver with bat wings and glowing red eyes would spew forth to drag all living souls back into hell.
a6d29d No.565985
Was the R51 really that fucking bad?
a6d29d No.565987
Oh and also, what with Sandy Hook lawsuits being cited as one of the reasons for their bankruptcy, won't this just incentivize more motherfuckers to file spurious lawsuits for the purpose of shutting down gun manufacturers?
663910 No.565995
>>565795
Sad tbh. A company is not responsible for what users do with their products, nor did they directly target Adam Lanza with their marketing.
Founded in 1816, Remington is America's oldest gun maker. makes it even more sad
fd7109 No.565999
>>565995
It's just the shit creeping closer to the blades.
94e0ed No.566004
Could the government buy the rights to it and make it into Springfield Armoury 2.0? Even if civilian sales stop at least it'll be alive.
82c95b No.566009
>>565804
>inb4 H_eckle my cocK__ gets a hold of the remington factories and stars mass producing guns for the civilian market at a reasonable price
We can never have good things happen to us.
7ed92b No.566010
>>565795
>remington
It's the freedom group, they changed their name
0c618e No.566017
>>565987
Sandy Vag had nothing to do with it. Remington products have had shit quality control for a while now, that was just an excuse. Any retard that uses this to try and sue another company will accomplish nothing besides racking up lawyer fees.
489fb4 No.566058
Remington has gone down the drain but they don't deserve this. This is what happens when you have a mixed economy, you let retards sue companies for the actions committed by individuals.
07861b No.566060
>>566010
Freedom group is a parent company, just like Alphabet owns Google, however Remington is a sub-entity and therefore still its own thing. You wouldn't say that Lamborghini changed its name to Volkswagen just because Volkswagen Group bought them.
07861b No.566062
>>566010
>>566060
And by the way, Freedom Group is just a conglomerate that is owned by Cerberus Capital Management. It's money-grubbing assholes all the way down.
dfcdcf No.566064
>>565985
It was, there's no real reason why something that could have been a more modern take on a Makarov had to be such a pain in the ass to disassemble/reassemble, why Remington thought to try and pass it off as a subcompact when it was almost as big as a 1911 and why it could was so fickle about ammo when it was designed as a CCW. Remington tossed their hat into the market oversaturated with compact and subcompact handguns and not only did their offering failed all of it's goals but all the other competitors actually worked too.
>>565804
China wouldn't even need to buy out Remington. Norinco pumps out 870s that work.
f1b07e No.566065
>>566060
No, you spastic retard, Freedom Group changed its name to Remington Outdoor Company. This is not the Remington arms manufacturer. Basic reading comprehension and five seconds in Google would have told you this, but you decided to be a cocksucker talking about irrelevant truisms instead while pretending you knew better than someone who was correct.
Why am I even responding to you? It's obvious that you're not from here, and you're trying too hard to fit in despite not knowing information that has been discussed in at least a dozen threads in the last two years.
>>>/reddit/
>>>/out/
>>>/halfchan/
>>>/autism/
f1b07e No.566067
>>566064
Is that an M1 sight post on that Remmy? Aftermarket along with the furniture, yeah?
b202a4 No.566213
they discussed this like a year ago.
2193a5 No.566230
>>565819
>waffleniggers own Remington, Winchester AND Browning
a5bfa3 No.566231
>>566065
>No, you spastic retard, Freedom Group changed its name to Remington Outdoor Company. This is not the Remington arms manufacturer. Basic reading comprehension and five seconds in Google would have told you this
I don't know why you're freaking out, britbong had it ass backwards.
ed5a32 No.566233
>>566064
>Police 870
>SBR
wot
72626a No.566236
>>566233
14" SBS's were really, REALLY popular with the LEO crowd for several years. I think a big part of it was simple dickwaving over a lot of the states still having 'more for me but not for thee' laws and the proles simply couldn't have NFA guns.
And after I type that I realize you were pointing out it was labeled as an SBR while being a shotgun. Hey at least it wasn't a form 1 with that mistake.
7ed92b No.566239
>>566231
No, you've got it backwards lad. Freedom group purchased Remington and then subsequently changed their own name to "Remington" as well to avoid all the flak they had been getting under the freedom group label due to their shitty kikish policies of profit over everything else.
a5bfa3 No.566240
>>566239
Okay, then I guess other Strelok wasn't the other one that was confused by your post. It seemed to imply Remington had changed its name to Freedom Group and not the other way around.