One of the United States’ oldest wine distributors has filed for bankruptcy and attributes the collapse to a sustained decline in alcohol consumption. According to reporting cited by multiple outlets, the company points to falling customer demand as a central factor behind its financial difficulties. The Independent references a poll indicating that only about 54% of Americans say they drink alcohol, a figure the company says reflects broader changes in consumer behavior.
The coverage describes the distributor’s position that reduced drinking has weakened sales across its portfolio and made it harder to sustain operations. While the articles focus primarily on the company’s explanation, they do not provide detailed figures on debts, assets, or specific court filings within the provided excerpts. Both sources frame the bankruptcy as linked to shifting drinking habits rather than a single event, and they highlight how lower alcohol consumption can affect businesses built around wholesale distribution and market reach. The reporting overall presents the bankruptcy filing and the distributor’s rationale as the main points of agreement.
