Archived Gunmaker Remington says it will file for bankruptcy (money.cnn.com)
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Archived on: 5/14/2018 10:00:00 AM
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Archived Gunmaker Remington says it will file for bankruptcy (money.cnn.com)
submitted ago by Maxcactus
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[–] derram ago
https://archive.fo/dQkLg :
'The plan would allow Remington Outdoor Company to stay in business while restructuring its debt. '
'Gun sales surged to record levels in 2016, when Barack Obama was president and there were fears that Democratic candidate Hillary Clinton would implement gun controls. '
'The plan allows for Remington to reduce its debt by $700 million and contributes $145 million of new capital into its subsidiaries, according to the company. '
'Remington said in a statement that its operations "will not be disrupted by the restructuring process."'
'When Trump, a Republican endorsed by the National Rifle Association, was elected, those fears were alleviated. '
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