First, the facts: Colt has had it’s share of trouble lately. Having filed for bankruptcy in 2015, the company had been working hard to rebuild a sense of goodwill with its customers. The additions of the new Colt Cobra, as well as fixing some previous errors in their 1911 line. Colt had a strong showing at SHOT 2017, but this may have just been a thin veneer.
The grey area: A post from forum poster “misanthropist” on pistol-forum.com sheds some light on what’s been happening at Colt, specifically in their customer shop.
“Sounds like a big mess down there and a whole lot of pink slips, including my favourite division, the custom shop.
It just blows me away how that company manages to keep punching golden geese in the damn head.”
The rumors of pink slips started to flow on Tuesday of this week, and have been corroborated when Colt let go Brent Turchi, Colt’s customer service and pro shop director.
“I am alive and well just no longer with Colt. I will continue to be a member of this forum and interact as I see appropriate. I will also tell the forum when and where I land. I have and will continue to enjoy this forum and its members. All thoughts are appreciated.
Reports coming through now speculate the entire Colt Canada, Colt Advanced Systems, and Custom Shop divisions have been gutted, and scrapped. The largest factor which keeps coming up, is how much was leveraged on the election. There’s further speculation of loss of contracts due to decreased consumer activity.
The most recent news may be a reshuffling of roles between Colt Australia, and Colt Canada. The production may be rolling into the Aussie facility, thereby keeping them afloat a little longer. We’ll update you as more news becomes available.