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Out Of Ammo: Remington Plans Bankruptcy Filing
- Bloomberg, Tuesday, February 13, 2018 8:10 AM
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. The bankruptcy is a blow to the private-equity mogul Stephen Feinberg, who has been a prominent supporter of President Donald Trump.
