The Beginning of the End for Uncle Nearest?
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The Beginning of the End for Uncle Nearest?
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About this listen
A critical court hearing is set for Monday in the Uncle Nearest receivership case in Tennessee. Founder Fawn Weaver wants to terminate the receivership and take back control of the company, while the receiver says Uncle Nearest is insolvent and putting it back in Weaver's hands will lead to foreclosure on $108 million in loans. We'll get the latest on the case from Janet Patton, who covers the whiskey industry for the Lexington Herald-Leader and has been tracking the case. In the news, Kirin has agreed to sell Four Roses Bourbon to E&J Gallo for approximately $775 million, and we'll have details of two economic reports on the health of the whiskey business.
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