One of America’s oldest liquor giants blames a surprising trend for its bankruptcy

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyle(Alamy/PA)One of the nation's oldest wine distributors, Republic National Distributing Company (RNDC), has filed for bankruptcy, attributing the decision to a decline in American alcohol consumption. RNDC announced its bankruptcy filing to explore potential sale transactions in court and implement an orderly wind-down of its remaining operations. A Gallup poll indicated that only 54 percent of American adults now consume alcohol, marking the lowest figure in nearly 90 years, alongside a growing perception that moderate drinking is unhealthy. National wine sales have fallen to their lowest point in over two decades, as younger consumers increasingly favor canned cocktails or non-alcoholic alternatives. Prior to bankruptcy, RNDC had already sold operations in multiple states and ceased its business in California, with the current process allowing it to pursue further acquisitions of its markets. In fullOne of the nation’s oldest wine distributors blames lack of drinking for its bankruptcyMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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