Remington back in business
After filing for bankruptcy protection in 2020, Remington resumes business starting with production on the Model 870 shotgun.
After filing for bankruptcy protection in 2020, Remington resumes business starting with production on the Model 870 shotgun.
Remington, as it was known, is no more, in one of the biggest shakeups the firearms industry has ever seen.
Remington Outdoor Company filed for Chapter 11 bankruptcy protection for the second time in just over two years on July 27.
Two days after announcing it had filed for bankruptcy protection, Sail Outdoors confirmed it is closing two stores in Ontario and four stores in Québec.
Rumours of troubles at Remington were proven to be reality on Feb. 12 when the outdoor giant announced it had reached an agreement with its creditors allowing them to file for Chapter 11 bankruptcy protection.