Remington Outdoor Brands has filed for bankruptcy. The bankruptcy filing allows Remington to stay in business while restructuring its massive debt. Remington plans to keep on making guns. Founded in 1816, Remington is one of the oldest and best-known gun makers in the world. Related: Remington plans to file for bankruptcyRemington is headquartered in North Carolina.

Source: CNN March 26, 2018 01:35 UTC