BREAKING: Remington Outdoor Emerges From Chapter 11 Bankruptcy

In a quick-turnaround, even by pre-packaged bankruptcy standards, Remington Outdoor announced today that they’ve emerged from Chapter 11. The filing allowed the company to shed $775 million of their crushing $950 million debt load. Remington also has a new $193 million asset-based lending facility in place to finance operations going forward. In exchange for forgiving […]

What Remington Can Learn From Savage…At Least For Now

Reader Tim Olmstead writes: As you’ve probably heard, Remington Arms, the oldest gunmaker in the United States, has filed for bankruptcy. It appears they won’t be closing their doors. Most reports indicate they’ll just be able to shed most of their debt. As a result, you’d have to think that selling off or even shuttering […]