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‘As Dirty as It Goes’: Alcohol Investment Firm CEO Accuses RNDC of Collecting Retail Payments While Suppliers Went Unpaid
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The Daily Pour
According to Rosen, suppliers continued shipping products to RNDC despite concerns about the distributor’s financial condition because they feared losing valuable shelf space at retail stores.
Rosen alleged that retailers would then pay RNDC for the products, but suppliers were left unpaid.
RNDC does not pay the supplier, and RNDC wins,” Rosen said.
In announcing the bankruptcy, RNDC said the filing was driven by changing market conditions and an increasingly challenging wholesale environment.
Rosen concluded his video by urging suppliers to focus on what he views as the most significant issue surrounding the bankruptcy.