The decline of drinking claims another victim as second-largest US liquor distributor goes bankrupt
One of America’s oldest wine and liquor distributors has filed for bankruptcy after more than 125 years in business, blaming shifting drinking habits, soaring costs and an increasingly difficult wholesale market for its downfall. Republic National Distributing Company, once the nation’s second-largest wine and spirits distributor, filed for Chapter 11 bankruptcy protection on Sunday and will begin …