Out of habit the other night I clicked on a hyperlink that I used to go to the Remington website. Only Remington ammo. Not a single mention of any of their firearms. Nada. You have got to love private equity deals. Here is a link to an article explaining how Remington firearms went Tango Uniform. It is from the New York Times so it has a slant to it, but there is a lot of information there that was interesting. Warning. It is a long article.
How America’s Oldest Gun Maker Went Bankrupt: A Financial Engineering Mystery (Published 2019)
When a secretive private equity firm bought Remington, sales were strong and the future bright. A decade later, the company couldn’t escape its debts.
www.nytimes.com