ST Alpha - "Sadly that has hardly anything to do with changing gun culture and everything to do with that private equity firms are evil. Well IMO anyway" (Reading a Post)

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In response to "Remington Arms Company, which has been making guns in the U.S. since 1816, filed for bankruptcy protection -- (link)" by the ice

Sadly that has hardly anything to do with changing gun culture and everything to do with that private equity firms are evil. Well IMO anyway

Posted by JD (aka Jason Dean) Jul 28 '20, 20:13

Cerebus Capital purchased the Freedom Group that Remington was part of. They saddled Remington with all types of debt, cut them more or less loose and had them declare bankruptcy the first time

After they'd bled the company dry

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At least they're putting their evil to good use? -- nm - Beryllium Jul 28, 20:25 2
- Well....in this case. In most cases they kill healthy businesses and jobs along with sending jobs overseas. -- nm - . Jul 28, 21:43 1
  - See: Toys R Us -- nm - Beryllium Jul 28, 21:50

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Sadly that has hardly anything to do with changing gun culture and everything to do with that private equity firms are evil. Well IMO anyway

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