The writing has been on the wall for a month or two now as Remington prepared for bankruptcy protection, for which has now been filed. It’s uncertain where the company’s debts will be transferred, as it appears interest from the Navajo nation has waned in recent weeks. It’s yet another unfortunate misstep in a series of such after the collapse and condemnation which happened so many years ago now with the first debt transfer to Cerberus/Freedom Group. With the closures this year of DPMS, Bushmaster, and other Remington brands, and the this additional step of perpetuating transfer of debt and equity among various creditors, the potential for a resurrection to their former legacy seems farther away then ever before.
Remington Files Bankruptcy for second time in as many years