Rabobank’s Bourcard Nesin: After RNDC Collapse, Suppliers Should Look in the Mirror

Dear Client: I must say, for the past 20 years or longer, this moment has been percolating under the surface.  And for a Wall Street analyst to declare it so publicly, the obvious has now burst through the surface:  The mass consolidation of the wine & spirits distributors throughout the 90s and 2000s, mainly due to big wine and spirits suppliers' insistence -- and their wholesalers rolling over -- on states having no franchise laws for wine nor spirits which