[–] derram 1 point 0 points 1 point (+1|-1) ago
2020-06-26 | Gunmaker Remington preps for bankruptcy sale to Navajo Nation
'Remington and a representative for the Navajo Nation did not immediately respond to Reuters’ requests for comment. '
'Remington Arms, America’s oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection and is in advanced talks for a potential sale to the Navajo Nation, The Wall Street Journal reported on Friday. '
'Remington had previously filed for bankruptcy protection in March 2018. '
'Remington is making preparations for the Native American tribe to serve as the lead bidder to purchase its assets out of Chapter 11, the Journal reported here, citing people familiar with the matter. '
'The company makes the Bushmaster AR-15-style rifle used in the Sandy Hook shooting that killed 20 first-graders in 2012. '
[–] kreepyasskraker ago
They totally failed to make parts available though and killed their own platform.
[–] Stubbabubba 0 points 1 point 1 point (+1|-0) ago
Why does "Navajo nation" sound like a jewish organization? They love to have a front.
[–] WillowsRecipe ago
This is a really bad idea.
[–] mostlyfriendly ago
Why? It's a great idea.
[–] WillowsRecipe ago
The communists divide and conquer. Ceding sovereignty as a part of "reparations" ends up turning the USA into swiss cheese. Suddenly, US rule of law no longer applies inside tribal land.
[–] Seventh_Jim ago
How the fuck do you bankrupt an American gun company in the current political climate?
[–] kreepyasskraker 0 points 5 points 5 points (+5|-0) ago
I'm not surprised. They make low quality guns at high prices and they haven't innovated or listened to consumer demand for too long. The only thing that kept them afloat was the 870 and 700 but even that can't save them given recent quality drops. It's a classic example of a larger entity taking over a company and completely mismanaging it. What a shame.
[–] BillyLuath ago
That pistol they keep resurrecting in 9mm or .380 is first class crap.
[–] kreepyasskraker ago
Pistol? I think you mean paperweight.
[–] NakedWarrior ago
They bought Marlin which is probably the only thing keeping them afloat actually. But you're right, they are living in the past.
[–] kreepyasskraker ago
Yeah freedom group owns all the redneck bubba gun companies for some reason.