The Wall Street Journal reported on Friday that firearms industry giant Remington is likely to enter into Chapter 11 bankruptcy protection in the next few days, and is in discussions with the Navajo Nation to purchase the iconic brand. If that happens, there’ll likely be some big changes coming, starting with an end to all AR-style products, at least for the consumer market.
Back in 2018, as the company was last emerging from bankruptcy, the Navajo Nation offered to buy Remington for somewhere around $500-million. The company rejected the offer at the time, but now they appear to be willing to make a deal. Two years ago, New York Times columnist Andrew Ross Sorkin detailed the changes that the Navajo Nation planned on making if it was able to complete the purchase.