Deals
Remington Is Planning to File for Bankruptcy
- Sales fell after Trump’s election calmed fears of crackdown
- Plan calls for ownership to pass to company’s debtholders
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For two centuries, it has been a totem of America’s gun culture -- a name emblazoned on frontier flintlocks and U.S. Army .45s.
But on Monday Remington Outdoor Co., which traces its history back to 1816, said it would file for bankruptcy protection, succumbing to a slump in business worsened by, of all things, a president who has steadfastly supported Americans’ right to bear arms.