Yahoo Finance | EN590 Commodities
EN590 Commodities GroupEnergy Markets 2026-07-29T00:09:53+00:00
A decline in public consumption of alcoholic drinks has been a major factor in declining revenue in the beer, wine, and spirits sectors, leading certain companies to file for bankruptcy protection. 128-year-old beer, wine, and spirits distributor, Republic National Distributing Company, was a major company affected as it filed forChapter 11 bankruptcyprotection, seeking going-concern sales of its remaining assets, a wind down of operations, completion of transition services agreements, and approval of its equity holder settlement. National Distributing Company Inc. is not a part of the Chapter 11 filing, the company said in a statement on its website. A company spokesperson was not immediately available for comment. Republic National Distributing Company filed its petition as its business'
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