Remington Outdoor Company now bankrupt and to be sold off
On September 28, 2020, Remington Outdoor Company (Remington) made an announcement that after filing for bankruptcy two months ago in July of the same year, the company will now be sold off to various bidders. Vista Outdoor will be the biggest bidder of this transaction, acquiring the most out of the company. After this sale, the company will officially be defunct.
New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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