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Remington Returns to Bankruptcy Blaming Falling Gun Sales

  • Firearms maker seeks to set up a sale process in Alabama
  • The company had emerged from prior bankruptcy in 2018
Updated on

Remington Outdoor Co. filed for bankruptcy for the second time in two years with plans to sell the 200-year-old maker of firearms.

The company said reduced gun sales prevented it from making money even after restructuring its finances in its first bankruptcy. Remington had $437.5 million in sales last year, about half the business it did in 2016, according to court papers filed in Decatur, Alabama.