2 ms·
Private equity, mostly. That's shorthand for corporate raiders taking over, cutting QA and other costs, trying to diversify the product lines, and banking hard
by blaser-waffle 6y ago
Private equity, mostly. That's shorthand for corporate raiders taking over, cutting QA and other costs, trying to diversify the product lines, and banking hard on the brand to keep things going. If it worked, great, keep making that money, and if not then milk the sucker and run -- which is what we're seeing.
Problem is that modern manufacturing has gotten cheaper and more effective, and offerings from China, Turkey, Japan, and other brands in the US are only getting better, while Remington stayed the same (or even declined). I think the trigger thing was more hype than reality, but why risk getting a bad one when there are so many good choices on the market that are at or below the Remington price?