Posted on 06/27/2020 7:02:19 AM PDT by mac_truck
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 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 report added that the filing could come with in days.
Remington had previously filed for bankruptcy protection in March 2018.
(Excerpt) Read more at nypost.com ...
This could prove interesting...for many different reasons.
Ironic.
L
Sheesh. Don’t let those Injuns get their hands on good rifles.;-)
I liked my Remington model 742 in 30.06 caliber. Harvested a lot of venison with it.
Why not seel with other gun manufacturers?
I thought people were buying guns like crazy.?
Apropos of nothing. Try "The company makes the Bushmaster AR-15-style rifle used by citizens to stop BLM rioters across the country this year" and see what happens. :)
So Remington is going to Begay now?
Had to throw that in. I’m intrigued how this will play out. I love these people; but they’re more third-world than Guatemala.
How does a gun manufacturer go bankrupt in this environment? I cannot find some of the guns I have wanted for over two months.
They must have been to pc. I know they were in NY so that’s a big part of the problem. They waited too late to get out.
Firearms sales are through the roof due up all the street gangsters hooligans and burglars on the loose and lack of police law enforcement in some big Dem cities.
Mostly handguns.....
White man trying to shaft Indians once again.
I have to drive 1.5 hours to find an AR for sale.
So if Native American tribes opened up Casinos on their land or Reservation as regular Laws did not apply, they used that loop hole as a money maker.
Now does their ownership and incorporated on their land give them exemptions to regular Laws? Hmmm
Who’s the chief negotiator?
Alcohol kills germs.
If you get hammered on JD, you can’t get sick...
Went to a local gun shop in a mid-sized MI city recently. There were three white guys and seven black guys shopping. Some of the black guys were giggling as they perused the items.
Custer had it coming.
After 11 years of the greatest gun sales boom in world history, you’ve got to think Remington has the worst management team in world history.
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