Colt Lays Off Custom Shop Director, Other Employees, Company Rumored Gutted

[Bsubtown]

I really never understood why they didn't start remaking snake guns a few years ago.

 

[Indynic]

It's an absolute shame. Sciens Capital should rot in h***. What's really sad is how good their product has been the last three years or so. I have a custom shop 1911 made in late 2015 that is nothing short of superb.

What Sciens Capital has done to that company should put executives in jail.

Brent Turchi was a great ambassador to the buying public for Colt. They really screwed up letting him go. I'm a big Colt fan, but I'm not sure they are coming back from this one.

 

[oldpink]

The colonel is whiling in his grave as would a rotisserie.

 

[MarkC]

It's an absolute shame. Sciens Capital should rot in h***. What's really sad is how good their product has been the last three years or so. I have a custom shop 1911 made in late 2015 that is nothing short of superb.

What Sciens Capital has done to that company should put executives in jail.

Brent Turchi was a great ambassador to the buying public for Colt. They really screwed up letting him go. I'm a big Colt fan, but I'm not sure they are coming back from this one.

^^^^^^
I was afraid this might happen when the bankruptcy left Sciens as owners.

 

[Vigilant]

I would have thought dropping some of the non innovators would be good but not shutting down the custom shop all together. Yikes!

Without reading the entire thread, I will come out and say, as long as Colt stays in business no one, or not many on INGO will notice the difference. Colt Custom makes stuff that costs a lot of money, and the average Joe will not be affected.

 

[Vigilant]

Since the corporate raiders have stolen most of the assets, what company is going to just buy the name to use...

Like he said, Taurus!

 

[GregD]

I'm just glad all of mine are real Colts.

 

[WebSnyper]

Again, right? I don't think this is the first time they've gone through a reorg in recent years. Didn't they just reorg in late 2015, or even as recently as last year?

I could never get into the idea or nostalgia of owning an older Colt, and a newer model never appealed to me because of the way the company has been torn apart. Would buying a brand-new Colt today be a collector's item, or a paperweight with no warranty?

There's a UK shooting enthusiast in the comments section that pretty much nails it from an outsider's point of view. To be fair, if you're not part of a military contract, perhaps most all of us are outsiders.

I suspect there are other manufacturers in the market who, due to the change on the political front, don't have nearly the product demand they had in recent terms. Smaller players will fall by the wayside, I think (Olympic Arms has already folded up, IIRC?). I'm seeing all kinds of daily deals on brand-new factory-built AR's that are very, very competitive. Even our own Classifieds section here on INGO seems to be soft across the board, especially with no implied panic urging sales.

Just my 2 cents.

Yep, I bought a Colt King Cobra back in like 1989/1990 or so and it was just a joke back then. Quality control, etc crap compared to others at the time. I'm not much interested in Colt. That company and its leaders flushed their reputation and the public gun buying market a long time ago in my opinion.

Colt dies and Charter Arms will not die.

There is no justice in this world.

Don't know much about Charter as a business, etc, but Colt did/has done this to themselves. Also, I know it is nostalgia and all that, but staying located in the northeast and continuing to provide strict gun control states with tax revenue isn't forward looking either, but if you don't care about your non govt customers, who cares, right?

 

[NyleRN]

Freedom Group to the rescue!!

 

[Thor]

Maybe we could move production to IN and have INGO management...

 

[churchmouse]

Maybe we could move production to IN and have INGO management...

I want to run Q.C.

 

[Dr.Midnight]

I'll kick in the first thousand crackers on a group buy.

 

[BE Mike]

Quote from article: "Shutting them down, however, would burn a significant amount of goodwill that Colt has built over the years with its customer base..." Really? Colt's customer base has been for decades U.S. military contracts. They've ignored the civilian market.

 

[Thor]

Sounds like we've got a start on management and funding...

 

[SS 396]

That is a shame, they could build good guns if they wanted too. I purchased a new Colt Combat Elite and a new Delta Elite last summer and both are very well built in my opinion. The fit and finish on both are perfect, tight frame and slide fit and tight barrel lockup on both. The triggers on both are very good considering they are series 80. But they have caused this themselves, glad i bought them when i did.

 

[SS 396]

Hey with Churchmouse head of QC they would have some fantastic guns coming out of there, he could whip them into shape

I wouldn't hesitate to buy a Colt with Churchmouse at the helm

 

[GodFearinGunTotin]

The Keefe Report: Hey, Chicken Little, Colt Isn't Falling

https://www.americanrifleman.org/ar...-report-hey-chicken-little-colt-isnt-falling/

 

[Vigilant]

This one quote from the article says everything one needs to know!

"There is a race to the bottom with ARs retailing for less than $500, and as one Colt official told me, “We can’t and shouldn’t compete in that space. That’s not what Colt does.” That's good, because Colt simply cannot. "

 

[PGRChaplain]

Colt posted 4 Pics of the Custom Shop Guys hard at work today on Facebook.

 

[Dean C.]

https://www.instagram.com/p/BRWVE5LBXrU/?taken-by=coltfirearms&hl=en

According to Colt on Instagram everything the now Ex-Custom Shop director has been saying is a dirty lie. I am guessing there is some bad blood at this point between Colt and the Custom Shop Director, because Colt came at SHOT show this year very strong not giving any indications (to me at least) of being ready to fold again.