RNDC Shedding Leases as It Moves Into Asset Wind Down

Republic National Distributing Co. is seeking court approval to reject additional unexpired leases and to abandon related personal property as it continues a process that began shortly after it filed for Bankruptcy Act protection in July.

Where buyers can be found, RNDC is seeking to sell its operations. Where they can't be found, it is simply winding down operations in those markets.

In its initial bankruptcy declaration, the company said it lost suppliers representing more than $3 billion in annual revenue between late 2022 and 2025. At its peak, the company generated about $12 billion in annual revenue and operated a fleet of 1,800 vehicles, delivering more than 390,000 cases of alcoholic beverages a day across 40 states.

In its declaration, Chief Restructuring Officer John R. Castellano said RNDC generated more than $1 billion in the sale of 11 markets to Reyes Holdings Inc. that closed May 29.