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Historic Whiskey Brand Fights to Survive Court-Ordered Receivership
24 Oct
Summary
- Uncle Nearest whiskey brand in court-ordered receivership
- Selling non-core assets like French vineyards and Cognac château
- Remains a viable brand that can be reorganized as a going concern
As of October 24th, 2025, the historic Uncle Nearest whiskey brand is facing financial adversity and is currently in a court-ordered receivership. The company is preparing to sell off non-core assets, including French vineyards, a Cognac château, and other real estate, as part of efforts to stabilize the Shelbyville, Tennessee-based whiskey company.
These assets are part of a cognac business that the company has decided to abandon, as it does not have the cash needed to bring the product to market. In a report filed on October 1st, 2025, Receiver Phillip G. Young Jr. stated that other assets might also be sold, but the core Uncle Nearest brand was viable and could be reorganized as a going concern.
The receivership was initiated after a lawsuit was filed by Farm Credit Mid-America, Uncle Nearest's senior lender. However, Young has since repaired that relationship and made other changes to the company. Despite the financial troubles, the brand's long history and legacy remain intact, as it traces its roots back to the founding of Jack Daniel's and the formerly enslaved master distiller, Nathan "Nearest" Green, who taught a young Jack Daniel the art of whiskey-making.
