Uncle Nearest Distillery Up for Sale

Uncle Nearest, the whiskey brand honoring the first known African-American master distiller, Nearest Green, may be changing hands in a major sale to an African American-owned investment firm, as revealed in a June court filing. Facing over $200 million in debt and receivership since August, the company’s receiver has approved a letter of intent to sell nearly everything—including the distillery—to preserve the brand’s legacy. The buyer plans to retain current staff, expand sales, and uphold cultural significance, with a non-disclosure agreement set to lift in 45 days. Jay-Z’s prior $20 million investment adds weight to the brand’s story, while co-founder Keith Weaver’s future remains uncertain pending federal judge approval. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/37a9d4cceaa56dc4