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Remington: US gunmaker files for bankruptcy amid 'Trump slump'

Company’s downfall coincides with protests across America for stricter gun control

Remington Outdoor, one of the US’s biggest gunmakers, has filed for bankruptcy protection as it struggles against a mountain of debts and falling sales.

The 202-year-old company, which made the Bushmaster AR-15-style rifle used in the Sandy Hook shooting in Connecticut that left 20 first-graders and six teachers dead, filed for chapter 11 protection in Delaware bankruptcy court on Sunday.

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Source: gad