Uncle Nearest whisky company remains viable and should continue operating, according to the first quarterly report filed by a court-appointed receiver. “The Company has significant value and can be reorganized, as a going concern,” he wrote, emphasizing that a fire-sale liquidation is unnecessary. The lawsuit against Uncle Nearest The Black-owned brand was in dire straits, with disputes persisting over which assets fell under a federal receivership. The development came from a lawsuit filed by lender Farm Credit Mid-America, which claims Uncle Nearest, Nearest Green Distillery, and its founders, Keith and Fawn
Uncle Nearest, a Black-owned Tennessee whiskey brand, may be heading towards bankruptcy as disputes persist over which assets fall under a federal receivership, according to recent court filings reviewed by the Lexington Herald-Leader. The development came from a lawsuit filed by lender Farm Credit Mid-America, which claims Uncle Nearest, Nearest Green Distillery, and its founders, Keith and Fawn Weaver, defaulted on more than $100 million in loans. Farm Credit Mid-America also alleges that Nearest Green Distillery overstated the value of its whiskey barrels that were used as collateral by at least
Black-owned whiskey brand Uncle Nearest has been hit with a $100 million lawsuit for allegedly not paying back its loans, as stated by court documents. Nearest Green Distillery, which sells Uncle Nearest premium whiskey across the US, has been accused of breaching loan agreements with its lender, according to a suit obtained by WSMV. The lawsuit has been filed by Louisville-based Farm Credit Mid-America, which accuses the company’s founders, Fawn Weaver and her husband, Keith Weaver, of breach of contract, stating that they defaulted on multiple loans, totaling $108 million, including interest. It also alleges
This year, we’ve witnessed the ripple effects of the Supreme Court’s ruling against affirmative action in college admissions with mounting conservative pressure against DEI initiatives across industries—from retail and banking to venture capital and nonprofits. Amid these challenges, the stories that resonated most with you this year were those of resistance and resilience: stories about Black women securing capital, launching funds, and building unicorn companies. You loved the stories about employees holding their employers to account—in words and deeds—and the investors, influencers, and innovators raising the bar in their respective
Uncle Nearest is the fastest-growing American whiskey brand in history, driving a business worth $1.1 billion, according to Forbes and ISWR data. Uncle Nearest Black woman-owned distillery Uncle Nearest Premium Whiskey was launched in 2016 by Fawn Weaver and quickly ascended to global recognition. The company’s rise is a tribute to Nearest Green, the first-known African American master distiller who taught Jack Daniel the secrets of distilling. Expanding its presence to over 30,000 stores, bars, hotels, and restaurants across 12 countries, the business also has a 432-acre distillery in Shelbyville,
Uncle Nearest, the top-selling Black-owned spirits brand globally, is close to reaching unicorn status with a valuation nearing $900 million. Uncle Nearest Premium Whiskey Black and woman-owned distillery Uncle Nearest Premium Whiskey was launched in 2016 by Fawn Weaver and has quickly ascended to global recognition. Uncle Nearest’s rise is a tribute to Nearest Green, the first-known African American master distiller, and to the resilience and vision of its founder. Fawn Weaver navigated the brand through an industry where only 0.48% of all venture dollars went to Black founders last year.
