ndking1126
New member
So we all know Remington has run into some financial problems in the past years. I'm not sure if this has been posted or discussed, but I found it very interesting. I never understood how they hit financial hardship so quickly. It's a long article, but if you'd like to get to the point, start reading about half way through at the paragraph that starts at "Last fall, a former Remington executive, who..."
Basically Cerebus took on a lot of debt and then transferred it to Remington. Not long after transferring the debt to Remington, Cerebus took their cash and ran. Garbage.. I'm sure Remington has their problems to work through (what company doesn't?) but this makes a whole lot more sense then all the sudden they just can't make money selling their weapons anymore. I live less than 10 miles from the Remington plant, so maybe it's a little more personal to me. I was always a Remington fan and would love to see them make a full recovery in finances and quality, but I guess this post is more about the situation they went through than how I feel about their guns currently.
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html
Mods, if not allowed or redundant, my apologies. Please delete.
Basically Cerebus took on a lot of debt and then transferred it to Remington. Not long after transferring the debt to Remington, Cerebus took their cash and ran. Garbage.. I'm sure Remington has their problems to work through (what company doesn't?) but this makes a whole lot more sense then all the sudden they just can't make money selling their weapons anymore. I live less than 10 miles from the Remington plant, so maybe it's a little more personal to me. I was always a Remington fan and would love to see them make a full recovery in finances and quality, but I guess this post is more about the situation they went through than how I feel about their guns currently.
https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html
Mods, if not allowed or redundant, my apologies. Please delete.