Business

A new giant company goes bankrupt

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the Company arms manufacturer Remington Outdoor Co. has said it will file a request for bankruptcy protection, succumbing to an economic crisis, writes Bloomberg.

Bankruptcy is a blow to the mogul Stephen Feinberg, who has been a supporter prominent of president Donald Trump.

Filing for bankruptcy will allow the company Remington to stay in business, while you will develop a plan for the return of the company.

the Company has 3500 employees and is among the largest u.s. manufacturers of ammunition and firearms.


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