Colt is so lousy they even destroy CZ

[Xaevian]

FYI @Moderators the thread shows the non bubblegumty title in the recent thread list.

 

[Kruel J]

FYI @Moderators the thread shows the non bubblegumty title in the recent thread list.

Thread title edited.

 

[thorborg]

Please don't turn criminal.
We have more than enough politicians already...

Don't worry, I'm right there with Waylon Jennings "I ain't about to run for nothing. I don't even like to walk."

 

[Savage Jav]

I do not understand this if CZ bought Colt - how can Colt dictate to CZ on what they should or should not build new or what to DISCONTINUE?

I remember reading all of the 'news' about CZ buying Colt and I just looked up some of those old NEWS searches online.

I can understand not keeping a popular line or some products but for the SUPER popular best sellers - it makes NO sense to me at all.

One of many OLD LINKS:

Focus: Czech gunmaker bets on riding Colt into new markets

For Czech gun maker CZG-Ceska Zbrojovka Group , its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name.

www.reuters.com

September 13, 20218:08 AM MDTLast Updated a year ago

• Europe

Czech gunmaker bets on riding Colt into new markets

PRAGUE, Sept 13 (Reuters) - For Czech gun maker CZG-Ceska Zbrojovka Group (CZG.PR), its recent acquisition of the Colt brand carries both the potential to become a major player in the global firearms market and the challenge of reviving the fortunes of a fabled U.S. name.

Shares of CZG, which listed on the stock market last October, have surged 60% in Prague this year as investors welcomed solid revenue growth and the company's $222 million purchase of privately-held Colt Holding Company - a deal finalised in May that will make CZG a competitor for U.S. leaders such as Smith & Wesson (SWBI.O) and Sturm, Ruger & Company (RGR.N).

Colt, with plants in the United States and Canada, will give CZG the capacity to expand production beyond its main factory in the Czech Republic and allow it to compete in U.S. military contracts because it will fulfil "Buy America" regulations requiring U.S. production.

MORE on the link.

Cate

Because CZ is letting Colt management run the CZ conglomerate in North America.

 

[Member 52301]

Because CZ is letting Colt management run the CZ conglomerate in North America.

Hello,

Thank you for the information.

It does not make any sense especially since COLT screwed up so many times in the past and has a bad record when it comes to running their company from a to z.

CZ is STUPID for making that decision in my opinion.

Take care.

Cate