The Bitter Reality of America's Declining Booze Business Republic National Distributing Company, a 128 year old national beer and wine distributor, has filed for Chapter 11 bankruptcy protection.
The company cites a perfect storm of declining public consumption, excess inventory, and economic headwinds as the reasons behind its filing.
Alcohol consumption in the United States has plummeted to its lowest level in nearly 90 years since 2022. According to the Distilled Spirits Council of the United States, spirits sales decreased by 2. 2% to $36.