All articles tagged with #fawn weaver
A federal court has ordered a receivership for Uncle Nearest Distillery in Tennessee after it defaulted on over $100 million in loans, amid allegations of financial mismanagement and inventory inflation, with ongoing uncertainty about Fawn Weaver's role in the business post-receivership.
Fawn Weaver founded Uncle Nearest to honor Nearest Green, the formerly enslaved master distiller who taught Jack Daniel. In seven years, she has built it into a $1.1 billion Black-owned liquor empire, focusing on ownership and avoiding institutional investors. Weaver's distillery in Tennessee features extensive facilities and attractions, and she plans to expand into other spirits. Her long-term vision includes buying out investors and eventually bequeathing the business to Green's descendants.