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comment by snoodog
snoodog  ·  2261 days ago  ·  link  ·    ·  parent  ·  post: Remington Is Planning to File for Bankruptcy

I’m assuming Remington was a zombie company propped up by an unusually hot gun market during the Obama years. Really it’s privately equity that killed them but they kill everything they touch. Also bankruptcy doesn’t mean actual shutdown, it means employees and debt holders get stiffed while private equity continues to loot for a few more cycles until everything valuable is sold off or destroyed