Remingtons Future?

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I am glad I didn't send my 700 in for the trigger replacement. With the virus and the money problems you may not get them back or at the very least it would take forever. I sure hope they don't go under as they are a part of history and I really like their rifles.
 
Another one for the history books. Going to be a huge amount of obsolete long guns out there. Stock up on the parts you might need now.

Ilion plant will be lofts soon.
 
I'd bet someone, in the end, will buy them out. Just to capitalize on the name; its too well known to just die. Just look at all the other big name gun companies. With the exception of Ruger, all have exchanged hands over the years.

Concentrating on QC, and keeping a slimmed down line of proven sellers like the model 700 rifle, and 870 pump shotgun could prove to be a successful business model for a new owner of the name. Thats if they can acquire it for pennies on the dollar.

Larry
 
Agree guys. First Winchester, Marlin, and now Remington. Sounds like Ruger and Savage having much better financial times. Been a huge fan of the 1100,870, and 700 from the past but those 710-770 rifles never should have been. Go back to the good old standbys and limit production to the older line.
 
Remington was buried in debt through the @#$% arbitrage take over. The last bankruptcy (2018) removed $775 million in debt. I'm sure they had little capital to work with, and six months ago the gun market was very different.

The name will survive with some form of gun manufacturing. The ammo business will spin off like Winchester.
 
The NY consortium loaded Remington up with debt by borrowing against their assets, pocketed the money, and then dumped Remington with the poison pill of huge loans attached.
It's easy to start believing the billionaire members of the consortium wanted to destroy the oldest US gun company. They have their profit from the loans that they won't have to repay. It is a nasty business tactic.
 
Remligton was "lost" a long long time ago.
They did not change or adapt to the times. Other than the 870 and 700 they just do not have anything and the 700 caused them problems.
Marlin used to be good as well




[ame]https://www.youtube.com/watch?v=2IYO6Ttj_No[/ame]
 
Yeah could be right David. I see where FN bought the rights to make Winchester's Model 70. Some of their guns being produced by other makers I tend to forget.
 
There won't be much trouble disposing of the ammunition business. Probably someone will take over the better-selling gun lines. Could be a leveraged buyout in the works.
 
I have two 700 BDL's, bought them new in the early 80's. 30 06 and a 222, love them both and will never part with them. Sad to see these American icons of the gun world succumb to the race to the bottom. And for reasons I'll never know, the 06 will drive tacks with Remington ammo, but couldn't drive a pie plate with Winchester.
 
Remington was buried in debt through the @#$% arbitrage take over. The last bankruptcy (2018) removed $775 million in debt. I'm sure they had little capital to work with, and six months ago the gun market was very different.

The name will survive with some form of gun manufacturing. The ammo business will spin off like Winchester.

Exactly. It has very little to do with sales or quality. Cerberus saddled the Remington group of gun companies with a ton of debt through financial engineering. Cerberus used Remington to borrow hundreds of millions of dollars that Remington didn't even really get to use, nor needed.

Moving factories to save money on labor obviously didn't help, but realistically they were never going to pay off the debt they were "given."

Cerberus destroyed Remington, end of story.
 
It really is baffling just how many issues have plagued the Remington brand over the years, and while I'm usually not into conspiracy theories, it really does make you wonder if someone wanted to legitimately ruin the Remington brand. I don't know why anyone would want to do such a thing, (unless the company was bought out by Nancy Pelosi or something) but I'm not read up on all the crazy laws regarding corporate bankruptcy procedures, so for all I know their may be some way to profit from it via some crazy scheme ala The Producers.

At any rate, I still don't know what they were thinking when they hired Anthony Accitelli a few years back. I mean, they already had some serious quality control problems, then they hired the former CEO of Taurus International, who was in office during the period of time in which their QC was at an all-time low in which several models were recalled due to safety issues, and the company lost millions of dollars in a class action lawsuit, and before that he worked for Colt during a time when their QC was at an all time low, coincidence?

As for their future, I'm not optimistic about it... At least not in the short term. I mean, every company has its hour of darkness so to speak, including Smith & Wesson, but they all tend to change hands and bounce back eventually once someone who actually cares about the brand takes the helm. Hopefully sooner rather than later Remington will be acquired by a company who will devote themselves to restoring faith in the brand by improving QC.
 
our governor and his safe act ('13) bs didn't help . they offered to make ventilators for covid.. he bought them from china instead
 
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