Uncle Nearest CEO Fired as Legal Battle Continues
The receiver says a buyer could rehabilitate the brand as Uncle Nearest remains in receivership with more than $200 million in debt.
- On July 10, Receiver Phillip G. Young Jr. terminated Uncle Nearest CEO Fawn Weaver and cofounder Keith Weaver effective June 1, cutting the founders from the business they built nearly a decade ago.
- Farm Credit Mid-America sued the company over more than $100 million in outstanding debt, prompting the court to appoint a receiver on August 22, 2025, to manage the struggling whiskey brand.
- The receiver sold Uncle Nearest's Martha's Vineyard property for $2.6 million and is negotiating the sale of core business assets, court records indicate, addressing the company's insolvency.
- Receiver Young signed a non-binding letter of intent to "sell substantially all assets" of the brand and Nearest Green Distillery to an African American-owned investment firm, according to the filing.
- While the company remains insolvent, investigations by the Securities and Exchange Commission continue as Young expects to file notice of a proposed sale within 30 to 60 days.
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28 Articles
Black America Web
Fawn Weaver Fired From CEO Role At Uncle Nearest
Fawn Weaver rose to fame and prominence in the business world as the CEO of the Uncle Nearest whiskey brand. Now that Uncle Nearest is no longer owned and operated by Fawn Weaver, she was fired by the court-appointed receivership from her role. As reported by local outlet Nashville Tennessean, Fawn Weaver and her husband and Uncle Nearest co-founder Keith Weaver, were let go from their roles at the company on June 1. The news is just coming out …
Fawn And Keith Weaver Terminated From Their Roles At Uncle Nearest As Receiver Prepares To Sell Major Assets
Uncle Nearest’s co-founders, Fawn and Keith Weaver, have been removed from the company. Uncle Nearest has remained at the center of headlines after entering a receivership due to defaulting on more than $108 million in loans to lender Farm Credit Mid-America, as AFROTECH previously reported. Phillip G. Young Jr. was appointed receiver of the whiskey brand on Aug. 22, 2025. He is managing assets including the Shelbyville, TN, distillery as well a…
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