Second-Largest U.S. Wine and Spirits Distributor Files Bankruptcy With Over $1 Billion in Liabilities
businesslaw 2 posts · 2 accounts
Republic National Distributing Company (RNDC), the second-largest wine and spirits distributor in the United States, filed for bankruptcy, with liabilities estimated between $1 billion and $10B.
The filing encompasses more than 100,000 creditors. No details were provided regarding the specific bankruptcy chapter or a proposed restructuring strategy.
From the sources (2 posts)
@macroedgeresRepublic National Distributing Company (RNDC), formerly the second-largest wine and spirits distributor in the United States, has filed for bankruptcy #MacroEdge
@dailyjobcuts🍷 Republic National Distributing Company (RNDC), formerly the second-largest wine and spirits distributor in the United States, has filed for bankruptcy 😮 RNDC has over 100,000 creditors, and liabilities between $1 billion and $10 billio