Remington close to bankrupcy

Discussion in 'General Firearms Forum' started by Pandaz3, Feb 10, 2018.

  1. Pandaz3

    Pandaz3

    Messages:
    985
    Likes Received:
    355
    Joined:
    Jul 20, 2014
    Location:
    NW Oregon
  2. bac1023

    bac1023

    Messages:
    112,966
    Likes Received:
    11,700
    Joined:
    Sep 26, 2004
    Location:
    PA
    Company sucks...
     
    OMCHamlin, Dcc65 and Fred Hansen like this.

  3. banger

    banger

    Messages:
    1,715
    Likes Received:
    579
    Joined:
    Nov 8, 2005
    Location:
    Where evil lives
    Some companies go out of business because they are mis-managed and poorly run, making shoddy products......

    This is one of them.

    Some companies simply deserve to "fold their tent" and go away.
     
  4. bac1023

    bac1023

    Messages:
    112,966
    Likes Received:
    11,700
    Joined:
    Sep 26, 2004
    Location:
    PA
    Amen to that.

    Remington is horrible these days.
     
    OMCHamlin, Dcc65, happyguy and 2 others like this.
  5. Borg Warner

    Borg Warner

    Messages:
    6,479
    Likes Received:
    13,108
    Joined:
    Jan 8, 2017
    Location:
    Northeastern Washington
    Cerebus capital management, a company that specializes in "distressed investing"(leveraged buyouts) owns "The Freedom Group" and Remington was abandoned by some of Cerberus’ private equity fund investors after one of its Bushmaster rifles was used in the Sandy Hook elementary school shooting in Connecticut in 2012.

    So Remington has received less support from it's parent company since that time and now they have to file bankruptcy.

    Cerebus has run this once great company into the ground and Marlin may be the next to suffer from the poor management of "The Freedom Group".
     
    ChTony, mrasgt, jeanderson and 7 others like this.
  6. Diesel McBadass

    Diesel McBadass Tactically Epic

    Messages:
    10,722
    Likes Received:
    1,087
    Joined:
    Apr 15, 2011
    Location:
    Dover NH
    Gun companies come and go. Remington is no different. Theyve been putting out crap products and nobody should be surprised.
     
  7. bac1023

    bac1023

    Messages:
    112,966
    Likes Received:
    11,700
    Joined:
    Sep 26, 2004
    Location:
    PA
    Well it is sad because it’s such an old name in the firearm industry, but you can only get away with putting out junk for so long.

    Remington used to be a great company.
     
  8. ChillyB

    ChillyB

    Messages:
    376
    Likes Received:
    362
    Joined:
    Nov 16, 2017
    Go bankrupt, then come back as employee-owned company without so many of the legacy burdens that certainly affect their ability to be profitable. Get rid of those who get in the way of building great firearms, focus on the core products (870, 700, 1100, etc). Build them like they used to with steel trigger housings, nice walnut, bright bluing. If Remington shed the 75% of their product line and brought the core classics back to the high standards of the old days customers would buy. Employee-owned Remington making great guns at even 20% of current operation size would be better than current state.
     
  9. garya1961

    garya1961

    Messages:
    2,389
    Likes Received:
    2,358
    Joined:
    Mar 17, 2012
    Location:
    NC
    I use to be a diehard Remington fan but not anymore. I would love to see the company go back to basics and do them right.
     
    Just Glocks, Liecha, Dcc65 and 5 others like this.
  10. ZX12R

    ZX12R Silver Member

    Messages:
    4,950
    Likes Received:
    25,395
    Joined:
    Sep 2, 2017
    Location:
    USA
    Well said!!
     
    Just Glocks and Dcc65 like this.
  11. nitesite10mm

    nitesite10mm Sheepdog

    Messages:
    3,740
    Likes Received:
    2,051
    Joined:
    Jun 9, 2006
    Location:
    North Alabama
    I cannot think of a single product they make (firearms, ammunition, etc) that is anywhere as good as what they made a couple decades ago with one exception: the Remington STS shotgun line of shells.
     
  12. bgirls

    bgirls

    Messages:
    307
    Likes Received:
    335
    Joined:
    Aug 27, 2014
    Location:
    Flint Hill, VA
    So sad that equity firms and other investors only think about the profit and stock value, not the longevity of the company or product. They buy a long standing brand name and cut quality, run it into the ground and break it up and sell it off in pieces. had a client years ago, that is all he did was buy, bundle it with other purchases or break it up and sell it off. held onto very few purchases longer than a year. damn near a billionaire when he was decapitated at 54 by a wire snowmobiling
     
    GT2, DougS63, Longhauler01 and 2 others like this.
  13. shadowgunner9

    shadowgunner9

    Messages:
    202
    Likes Received:
    261
    Joined:
    Dec 1, 2015
    Location:
    Wisconsin; Rustbelt, USA
    .............a wire snowmobiling....what?
     
    crockett and Dcc65 like this.
  14. bgirls

    bgirls

    Messages:
    307
    Likes Received:
    335
    Joined:
    Aug 27, 2014
    Location:
    Flint Hill, VA
    wire farm fence to the neck, went off trail, killed both him and his wife
     
    Longhauler01 and actungh like this.
  15. JoeOU1

    JoeOU1

    Messages:
    1,211
    Likes Received:
    945
    Joined:
    May 30, 2015
    Hope you have Colt on that same list.
     
    Just Glocks and K Dubya like this.
  16. Made-up System

    Made-up System

    Messages:
    35
    Likes Received:
    24
    Joined:
    Jan 30, 2018
    Attention Remington: Remember to let me know when I'll be able to purchase your R51's for pennies. I'm remodeling the garage and that overpriced paper weight would work wonders as a disposable hammer. Thanks
     
  17. quantico

    quantico 1911 lover Millennium Member

    Messages:
    6,117
    Likes Received:
    2,149
    Joined:
    Sep 15, 1999
    Location:
    Wisconsin
    i have owned two shotguns over the last 40 year’s... still have a 25 year old 870. sad how they have gone to throw away guns .
     
  18. Sgt127

    Sgt127

    Messages:
    4,247
    Likes Received:
    3,951
    Joined:
    Nov 5, 2002
    Location:
    Texas
    The only Remington I have purchased in 30 years is the RM380.

    It’s possibly the finest pocket .380 I own.

    So I bought two. The first for $199 and the second for $99. ($100 rebate).
     
    ChTony and zaitcev like this.
  19. quasii

    quasii

    Messages:
    1,272
    Likes Received:
    3,269
    Joined:
    Nov 14, 2004
    A good parasite knows not to harm the host...
    Cerebus does not know this rule.
     
    boilergonzo and actungh like this.
  20. banger

    banger

    Messages:
    1,715
    Likes Received:
    579
    Joined:
    Nov 8, 2005
    Location:
    Where evil lives


    Actually.... I do.

    ZERO innovation since the 60's.
     
    Road Dog and JoeOU1 like this.