Uncle Nearest Receiver Files Letter of Intent to Sell the Whiskey Brand

Nine months after being named receiver of Uncle Nearest, Inc., Phillip G. Young, Jr., filed a non-binding letter of intent to sell the embattled whiskey brand this past Friday. The filing comes just three days after the case’s presiding judge denied founder Fawn Weaver’s motion to reverse the company’s receivership. Young will potentially hand all assets of the company — with the exception of three — to an undisclosed, African-American-owned investment firm, should the court approve the sale. The article Uncle Nearest Receiver Files Letter of Intent to Sell the Whiskey Brand appeared first on VinePair.