Latest news with #RNDC
Yahoo
7 days ago
- Business
- Yahoo
Treasury Wine Estates cuts profit guidance on lower US shipments
Penfolds and Daou owner Treasury Wine Estates today (3 June) lowered its forecast for a closely-watched profit metric amid pressure on US sales. The Australian wine group said it expects its EBITS to be around A$770m in the financial year ending 30 June. Treasury Wine Estates' previous forecast was for EBITS to be 'approximately $780m', itself reset in February. The company said the new guidance was 'driven by lower-than-expected premium portfolio shipments in the US'. The Wolf Blass owner said 'economic uncertainty and weaker consumer demand' in the US has hit the performance of the 'wine category … at price points below US$15'. In a brief stock-exchange filing, Treasury Wine Estates provided a short statement on the decision by its distributor in California, Republic National Distributing Company (RNDC), to quit the Golden State in September. In the first half of the company's financial year, its sales through RNDC in California accounted for around 25% of the net sales revenue from its Americas division and approximately 10% of group net sales revenue. The group said RNDC's move would not affect its financial results in its current financial year. However, Treasury Wine Estates added: 'TWE has begun evaluating alternative distribution arrangements for its portfolio in California to determine an appropriate path forward. 'TWE's relationship with RNDC spans 25 US states, including California. The closure of RNDC's California operations is not expected to impact the remainder of its business, and RNDC has reiterated its commitment to investing behind and driving TWE's portfolio in the remaining 24 states.' Shares in Treasury Wine Estates closed up 0.49% at A$8.14. In October, Sam Fischer, chief executive at Australia-based beer and spirits group Lion, will become Treasury Wine Estates' new CEO and managing director. Fischer will succeed outgoing CEO Tim Ford, who took up the role in 2020. "Treasury Wine Estates cuts profit guidance on lower US shipments" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
US distributor Republic National Distributing Company to leave California
Major beverage-alcohol distributor Republic National Distributing Company (RNDC) is to quit California in September. RNDC has seen the end of major contracts in the Golden State in recent months, including Brown-Forman shifting products to rival distributor Reyes Beverage Group. 'We've made the difficult business decision to withdraw from California which affects many of the roles in the state,' a spokesperson for RNDC. The distributor's departure will take effect on 2 September. The spokesperson refused to be drawn on the number of jobs set to be affected. 'We are complying with all regulatory obligations and are committed to handling every transition thoughtfully and smoothly and ensuring everyone is treated fairly and respectfully. We are grateful for the support of these employees and will do our best to support them during this time,' the spokesperson said, refusing to be drawn on the reasons for the decision. Earlier this year, Tito's Handmade Vodka also moved its California distribution from RNDC to Reyes Beverage Group. Among the companies RNDC works for in California is Treasury Wine Estates, the Australia-based wine group. In a stock-exchange filing in Australia today, the Penfolds owner provided a short statement on RNDC's decision. Treasury Wine Estates said RNDC's move would not affect its financial results in its current financial year, which ends in June. However, the group added: 'TWE has begun evaluating alternative distribution arrangements for its portfolio in California to determine an appropriate path forward. 'TWE's relationship with RNDC spans 25 US states, including California. The closure of RNDC's California operations is not expected to impact the remainder of its business, and RNDC has reiterated its commitment to investing behind and driving TWE's portfolio in the remaining 24 states.' Brown-Forman announced its new contract in California with Reyes Beverage Group in February. Last week, the Jack Daniel's maker set out a broader set of changes to its US distribution network that reportedly means RNDC will handle the spirits giant's products in 12 markets in the country, down from 23. "US distributor Republic National Distributing Company to leave California" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Wire
12-05-2025
- Business
- Business Wire
RNDC and LibDib Expand On Demand Distribution Model to Seven New States
SAN JOSE, Calif.--(BUSINESS WIRE)-- LibDib, the leading digital alcohol distribution platform, in partnership with Republic National Distributing Company (RNDC), proudly announces the expansion of RNDC On Demand to six new markets: Florida, Virginia (wine only), Washington D.C., Maryland, Colorado, Illinois, and South Carolina. 'The expansion of RNDC On Demand gives us access to buyers in key growth markets,' said Jessica Cox, Founder of Just Enough Wines. 'Our experience with the On Demand model in Texas was instrumental in scaling our presence." Share This strategic rollout provides wine and spirits producers—from emerging brands to established suppliers—with more choices to access key markets through a flexible, tech-enabled distribution model. 'Suppliers deserve options, and RNDC On Demand provides flexibility and control,' said Dean Parker, Director of the On Demand program for LibDib and RNDC. 'Together, we're expanding a modern path to market that empowers suppliers to grow at their own pace, backed by RNDC's logistics and service excellence.' Powered by LibDib's proven digital platform, RNDC On Demand allows suppliers to quickly and compliantly enter new markets. Products can be launched and delivered efficiently to on- and off-premise accounts, including national and regional chains. As brands grow, they have the opportunity to transition into full-service RNDC distribution, offering a scalable solution that supports long-term success. 'The expansion of RNDC On Demand gives us access to buyers in key growth markets,' said Jessica Cox, Founder of Just Enough Wines. 'Our experience with the On Demand model in Texas was instrumental in scaling our presence and ultimately transitioning to full-service distribution. We're excited to bring that same momentum to new states.' 'This is about putting control in the hands of the suppliers,' said Cheryl Durzy, Founder and CEO of LibDib. 'RNDC has been a key innovation partner, helping us advance our mission of making distribution accessible to all Makers. With On Demand, we're expanding our reach and offering flexible solutions tailored to each brand's goals, size, and target markets.' In crossover states such as Florida, Colorado, Illinois, Washington D.C., and Maryland—where both LibDib and RNDC On Demand operate—suppliers can work directly with portfolio managers to select the distribution model that best fits their brand and complies with local regulations. Whether launching a new product or expanding market presence, LibDib and RNDC On Demand provide: Access to high-potential markets Scalable pathways to full-service distribution Digital tools to manage products and accounts Support at every stage of business growth By combining digital innovation with trusted distribution expertise, LibDib and RNDC are redefining what's possible in the alcohol beverage industry—empowering suppliers to grow how they want, where they want. With this expansion, LibDib now enables three-tier compliant distribution in 18 states, covering nearly every major U.S. market and approximately 75% of available accounts. Makers interested in distribution in one or more of the 18 markets available can reach out to makers@ or click here for more information. About LibDib LibDib, LLC is a licensed wholesale alcohol distributor and technology innovator, offering a compliant three-tier distribution platform for wine and spirits makers of all sizes. With an easy-to-use marketplace, LibDib simplifies the buying and selling experience for both suppliers and trade buyers across the country. Learn more at or follow LibDib on LinkedIn. About RNDC As a leading national beverage distributor in wine and spirits, RNDC has established its reputation by bringing the industry's brightest talent together, consistently igniting opportunities for our suppliers, customers, and associates. Our expansive national reach empowers suppliers by building strategic relationships with on- and off-premise customers, elevating their brands and connecting them with their target consumers. Operating in the District of Columbia and 39 states across the United States, we are committed to being the most valuable partner to all we serve. With roots extending before Prohibition and a footprint spanning from local to national, digital to DTC, we are ushering in a new era of wine and spirits distribution within the three-tier system. At RNDC, we work in that rare space where commitment to craft meets unrelenting quality. Fueled by passion, we are raising the bar for beverage alcohol distribution—elevating spirits and sales across our value chain. To learn more, visit
Associated Press
02-04-2025
- Business
- Associated Press
Innovation Beverage Group Expands U.S. Distribution of its Award-Winning Bitters Through One of the Nation's Largest Beverage Alcohol Distributors
Republic National Distribution Company opens new distribution channels in six states including California, one of the largest markets in the U.S. SEVEN HILLS, AU / ACCESS Newswire / April 2, 2025 / Innovation Beverage Group Ltd ('IBG' or the 'Company') (Nasdaq:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today it has signed a distribution agreement with Republic National Distribution Company (" RNDC"). IBG's Australian Bitters Company and BITTERTALES brands will be distributed by RNDC in six states: California, Oregon, Washington, Hawaii, Arizona, and Michigan. 'We are very pleased to partner with RNDC, one of the top distributors in the U.S. in our category. Their distribution reach is vast and their product expertise and executional excellence are ideal to promote the expansion of our award-winning bitters brands in the U.S.,' stated IBG's Chairman and Interim CEO Sahil Beri. 'Having recently achieved 45% market share in cocktail bitters in Australia, we are eager to gain similar momentum in the U.S.' With roots extending before Prohibition, RNDC is one of the U.S.'s leading wholesale beverage alcohol distributors specializing in wine and spirits. Operating in 39 states across the U.S. and the District of Columbia, RNDC is ranked #46 on Forbes 's list of America's Top Private Companies, with $11 billion in revenues. IBG's flagship product, Australian Bitters Company, hand crafted in small batches in Australia from the finest natural botanical herbs and spices, won the Gold Medal at the Los Angeles Spirts Awards in 2018. BITTERTALES, the Company's premium cocktail brand, won Best in Show and a Platinum Medal at the 2020 LA Spirits Awards, and a Gold Medal at the 2018 and 2021 LA Spirits Awards. IBG's bitters brands are produced at its state-of-the-art U.S. FDA and GMP certified facility in Australia and shipped worldwide. About Innovation Beverage Group Innovation Beverage Group is a developer, manufacturer, marketer, exporter, and retailer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands for which it owns exclusive manufacturing rights. Focused on premium and super premium brands and market categories where it can disrupt age old brands, IBG's brands include Australian Bitters, BITTERTALES, Drummerboy Spirits, Twisted Shaker, and more. IBG's most successful brand to date is Australian Bitters, which disrupted a 200-year-old market leader, giving the Company a market dominating position in several territories including a partnership in Australia with Coca-Cola Europacific Partners. Established in 2018, IBG's headquarters, distillery, innovation, and manufacturing facility are located in Sydney, Australia with a U.S. sales office is located in New Jersey. For more information visit: Forward Looking Statement This press release contains 'forward-looking statements' and 'forward-looking information.' This information and these statements, which can be identified by the fact that they do not relate strictly to historical or current facts, are made as of the date of this press release or as of the date of the effective date of information described in this press release, as applicable. The forward-looking statements herein relate to predictions, expectations, beliefs, plans, projections, objectives, assumptions, or future events or performance (often, but not always, using words or phrases such as 'expects,' 'anticipates,' 'plans,' 'projects,' 'estimates,' 'envisages,' 'assumes,' 'intends,' 'strategy,' 'goals,' 'objectives' or variations thereof or stating that certain action events or results 'may,' 'can,' 'could,' 'would,' 'might,' or 'will' be taken, occur or be achieved, or the negative of any of these terms and similar expressions) and include, without limitation, statements with respect to projected financial targets that the Company is looking to achieve. All forward-looking statements are based on current beliefs as well as various assumptions made by and information currently available to the Company's management team. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that estimates, forecasts, projections, and other forward-looking statements will not be achieved or that assumptions do not reflect future experience. We caution any person reviewing this press release not to place undue reliance on these forward-looking statements as several important factors could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions, and intentions expressed in such forward-looking statements. These risk factors may be generally stated as the risk that the assumptions and estimates expressed above do not occur. The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by Company or on behalf of the Company except as may be required by law. Contact: TraDigital IR 917-658-2602
