One of the nation’s oldest wine distributors blames lack of drinking for its bankruptcy
- The Republic National Distributing Company announced Sunday that it had filed for bankruptcy to “explore potential sale transactions in court and implement an orderly wind down of our remaining operations.
- ”The company, which distributes wine and spirits around the country, said its decision to file for bankruptcy “was not made lightly.
- ”“Over time, our industry has evolved, consumer preferences have shifted and the wholesale environment has grown increasingly challenging,” the company said in
Unverified
- The Republic National Distributing Company announced Sunday that it had filed for bankruptcy to “explore potential sale transactions in court and implement an orderly wind down of our remaining operations.
- ”The company, which distributes wine and spirits around the country, said its decision to file for bankruptcy “was not made lightly.
- ”“Over time, our industry has evolved, consumer preferences have shifted and the wholesale environment has grown increasingly challenging,” the company said in
Sources: The Independent