The company announced in a press release that they sold "substantially all of its assets" to Amici Partners Group, LLC as part of their Chapter 11 filing.
The rumors about Remington Arms filing for bankruptcy again are true. On Monday, America's oldest gunmaker filed a Chapter 11 petition in U.S. Bankruptcy Court in Alabama for the second time since 2018.
The retail apocalypse continues: clothing retailer Forever 21 is reportedly set to file for bankruptcy protection in an effort to restructure it's debt.