Please, Please Buy This Gun Company
So here’s a practical idea that should be considered more than just a thought experiment:What if the big banks that have provided financing to Remington during its bankruptcy were to back — and partner with — one or more of the big private equity firms in an effort to transform the company into the most advanced and responsible gun manufacturer in the country? And they would not be out to kill the business; quite the opposite: They could create a profitable model for the rest of the industry using technology and sound sales policies to reinvent the modern-gun manufacturer. A reimagined Remington with a new management and mandate could develop smart-gun technology. It could add an identity stamp to ammunition fired from any of its guns. It could also establish and standardize responsible sales policies for retailers to sell its firearms.