March 26, 2018
In papers filed Sunday in federal bankruptcy court in Delaware, Remington outlined a plan to turn over control to its creditors and continue operating with up to $100 million from lenders. It remains unclear what will happen to its 3,500 or so employees as it tries to put its finances in order. Photo courtesy Flickr/Mitch Barrie
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Frontier Gun Maker Remington Seeks Bankruptcy Protection
Remington, the storied gun maker that began turning out flintlock rifles when there were only 19 states in the Union, has filed for bankruptcy reorganization amid years of slumping sales …
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