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Uncle Nearest Property Listed for Sale Before Judge Decides on Receivership Expansion or Termination

Uncle Nearest is awaiting a decision on whether the company’s receivership should remain in place or be expanded to include Uncle Nearest and the current defendants, according to the Moore County Observer. Nearest Green Distillery and the flagship Uncle Nearest whiskey brand have been under a receiver’s management since September, after lender Farm Credit Mid-America claimed the Weavers defaulted on more than $108 million in loans. Uncle Nearest’s property listed for sale Receiver Phillip G. Young Jr listed the business’s Martha’s Vineyard property for sale. Farm Credit Mid-America alleges that Uncle Nearest

Pat McGrath Labs Is Seeking a Buyer Once More

Pat McGrath Labs is being marketed to prospective buyers through bankruptcy proceedings, only days after GDA Luma said it had secured a controlling stake, The Business of Beauty reports. A bankruptcy judge chose Gordian Group as Pat McGrath Labs’ investment bank, which is seeking an “investment and acquisition opportunity” for the brand, as stated in a presentation viewed by BoF. Pat Mcgrath looking for a new investment During the presentation, prospective buyers were told that any transaction must repay debtor-in-possession claims totalling over $60 million, with an additional estimated $70 to

Kevin Hart’s Tequila Brand Has Reportedly Generated $200M in Sales Since 2022

Kevin Hart’s Gran Coramino tequila has generated about $200 million in cumulative retail sales since 2022, executives said on Yahoo Finance’s “Opening Bid.” Reporting from Yahoo Finance cites co-founder and liquor executive James Morrissey saying the brand produced $85 million in 2025 retail sales, sold 3.6 million bottles, and delivered nearly $2 million in weekly consumer-level sales in stores. Yahoo Finance also reported that Gran Coramino sold nearly 300,000 nine-liter cases in roughly three years, with about half of those cases attributed to 2025. The numbers matter because U.S. spirits

Sequoia COO Resigns After VC Firm Failed To Address Islamophobia

Sequoia Capital’s chief operating officer, Sumaiya Balbale, stepped down from her role after partner Shaun Maguire made comments she considered Islamophobic, the Financial Times reports. In July, Maguire posted comments on X about New York mayoral candidate Zohran Mamdani, stating he “comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda.” Maguire later said that his critique was targeted only at Islamism (the political ideology) rather than the whole Muslim population. Sumaiya Balbale leaves Sequoia Capital Balbale, who is a

Bank Of England CFO, Steven Bartlett, And Emma Grede Among Most Influential Black Brits

Afua Kyei, Steven Bartlett, and Emma Grede

Afua Kyei, Chief Financial Officer at the Bank of England, has been named as the most influential Black person in the UK. The annual list, conducted by Powerlist, highlights the most powerful people of African, African-Caribbean, and African-American heritage. As CFO, Kyei leads financial governance of the £1 trillion balance sheet, funding reforms, and upgrades to critical national infrastructure payments, while championing diversity and climate disclosure. “It is an incredible honour to be named Number One on the Powerlist in its 20th year,” she said in a press release. “For

Target Cut 1,800 Corporate Jobs In Company Restructuring Amid DEI Backlash

Target announced it will cut 1,800 corporate jobs after trying to grow following four years of roughly stagnant sales and boycotts amid DEI backlash. In a memo sent to staff, Target’s incoming CEO, Michael Fiddelke, said the eliminated roles include about 1,000 employee layoffs and about 800 positions that will no longer be filled. “This spring, we launched our enterprise acceleration efforts with a clear ambition: to move faster and simplify how we work to drive Target’s next chapter of growth,” Fiddekele said in a company memo, shared by CNBC. “The

Travis Scott’s Foundation Partners With Space Center Houston To Inspire STEM Students

Cactus Jack Foundation, a non-profit founded by rapper Travis Scott, has launched a new initative for students with Space Center Houston. As reported by Complex, the program will allow Houston Independent School District students to engage in a science, technology, engineering, and mathematics (STEM)-enriched curriculum. Cactus Jack Foundation’s new initative The program will teach students the necessary skills to pursue careers in engineering, design, and exploration. Students will analyze real-world challenges such as water scarcity, space habitation, and power generation and discuss solutions through virtual and in-person workshops at Cact.Us Design

Viral TikTok Creator Reesa Teesa Signs Book Deal

Social media star Tareasa “Reesa Teesa” Johsnon, who went viral after posting her Who TF Did I Marry? series on TikTok, has signed a book deal. Storehouse Voices, an imprint within the Crown Publishing Group, acquired the book, which is titled What (TF) Do I Do Now? Not Just a Memoir, It’s a Survival Guide. Johnson is represented by CAA, which negotiated the deal. Johnson’s rise to fame came after posting a video revealing shocking revelations about her ex-husband, Legion, who is dubbed for his deceitful nature. The series unfolds

Mayor Adams Launches Initiative to Establish New York City As A Global Hub For Digital Assets

New York City Mayor Eric Adams signed Executive Order 57, creating the New York City Office of Digital Assets and Blockchain — the first mayor-led office of its kind in the US. This move aims to make New York a global leader in digital assets like cryptocurrency and blockchain. Mayor Adams has also appointed Moises Rendon as the office’s executive director. His first task will be to create a commission of digital asset leaders to provide guidance and advice on the office’s initiatives. The Office of Digital Assets and Blockchain

Black-Owned Companies Launch New Platform To Help Creators And Publishers Get Paid Faster

Black-owned media company BOMESI has partnered with Black-owned marketing and tech platform Breakr to launch SASA. The new payment and financing platform is designed to give Black-owned publishers and creators access to real-time compensation and campaign liquidity. The rollout supports BOMESI’s mission to build sustainable financial systems for diverse-owned media and address one of the industry’s biggest challenges: slow payment cycles that can take up to 90 days. Tackling Delayed Payments with SASA BOMESI (short for Black Owned Media Equity and Sustainability Institute) is an ecosystem that drives sustainable growth for independent, community-based, and

General

Uncle Nearest Property Listed for Sale Before Judge Decides on Receivership Expansion or Termination

Pat McGrath Labs Is Seeking a Buyer Once More

Kevin Hart’s Tequila Brand Has Reportedly Generated $200M in Sales Since 2022

Sequoia COO Resigns After VC Firm Failed To Address Islamophobia

Bank Of England CFO, Steven Bartlett, And Emma Grede Among Most Influential Black Brits

Target Cut 1,800 Corporate Jobs In Company Restructuring Amid DEI Backlash

Travis Scott’s Foundation Partners With Space Center Houston To Inspire STEM Students

Mayor Adams Launches Initiative to Establish New York City As A Global Hub For Digital Assets

Black-Owned Companies Launch New Platform To Help Creators And Publishers Get Paid Faster

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