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Remington Bankruptcy
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<blockquote data-quote="Barrelnut" data-source="post: 1407137" data-attributes="member: 74902"><p>I think the brand will survive. Savage filed for bankrupcy protection in 1988 and look at them today. </p><p></p><p>Here's a clip from Wiki:</p><p>"The company was run by a variety of owners from the 1960s to the 1980s. Savage eventually ran into financial trouble in 1988 and filed for bankruptcy protection.[1] Production was then reduced to the basic Model 110 bolt-action rifle. And the Model 69N Riot Tatical 12ga. Stainless Steel, Pump shotgun, now a $20,000.00 Collectors piece. A turn-around began in 1995 with the company returning to private ownership, led by Ronald Coburn, previously of Smith & Wesson."</p></blockquote><p></p>
[QUOTE="Barrelnut, post: 1407137, member: 74902"] I think the brand will survive. Savage filed for bankrupcy protection in 1988 and look at them today. Here's a clip from Wiki: "The company was run by a variety of owners from the 1960s to the 1980s. Savage eventually ran into financial trouble in 1988 and filed for bankruptcy protection.[1] Production was then reduced to the basic Model 110 bolt-action rifle. And the Model 69N Riot Tatical 12ga. Stainless Steel, Pump shotgun, now a $20,000.00 Collectors piece. A turn-around began in 1995 with the company returning to private ownership, led by Ronald Coburn, previously of Smith & Wesson." [/QUOTE]
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