The company is one of the oldest gun and ammunition makers in the US.
Gun manufacturer Remington Outdoor Co. reportedly filed for bankruptcy on Sunday following the “March for Our Lives” rallies across America.
The gun company has been struggling with mounting debt and lawsuits ever since the Sandy Hook Elementary School shooting in 2012.
The announcement comes after Americans took to the streets of Washington, D.C. on Saturday to protest gun control following the latest high school shooting in America, which took the lives of 17 teachers and students at Marjory Stoneman Douglas High School in February.
Crowds for “March for Our Lives” exceeded expectations and reached 800,000 people according to reports, dwarfing President Trump’s inauguration figure of roughly 500,000, and becoming one of the largest political rallies in America since the Vietnam war era.
Separate demonstrations took place across all 50 states of the country and elsewhere across the globe.
Remington announced that they were planning to file for bankruptcy last month but held off doing so following the horrific events in Florida just weeks ago.
Various retailers have since taken measures to restrict the sale of their guns, most notably with superstore chain Fred Myers committing to stop selling ammunition and firearms, whilst Dick’s Sporting Goods will no longer sell assault-style rifles and Walmart will not sell guns to anyone under the age of 21.
LISTEN: You Must Be Jokin’ with Aideen McQueen – Faith healers, Coolock craic and Gigging as Gaeilge
