Remington went bankrupt because their two previous owners borrowed over a billion dollars against Remington, pocketed the money and gave Remington the debt. Little of it was invested back into Remington.
It had nothing to do with Remington's firearms or sales.
The fact that Remington labored almost a decade with that debt is a testament to how well their business was doing.
I'm glad you posted this. The Remington haters, and the uninformed "experts" all like to make light of Remington's financial woes, and then try and connect it with the products they made. Nothing could be further from the truth. The holding companies that bought Remington did so because it was a lucrative business, making plenty of money and with a lot of assets. They literally raped Remington and left the company dying in the dust.
Now, to be fair, there was a period of time when Remington's QC slipped, and some crappy stuff got out of their factory, either intentionally, or on purpose. But, who's fault was that...........it was the fault of the people who owned the place, who in their greed for money, didn't care what went out the door, only caring about what went in their bank account. Even in those bad times, Remington was still turning out firearms that were some of the best shooting ones they'd ever produced. I know, because I own some of them.
