159-year-old whiskey brand facing Chapter 11 bankruptcy, asset sale

Core Insights - Uncle Nearest brand has historical significance linked to Jack Daniel's and aims to address historical injustices [1][7] - The brand is currently facing financial challenges but has potential for recovery [4][5] Financial Situation - Uncle Nearest is under court-appointed receivership and is preparing to sell non-core assets, including French vineyards and a Cognac château, to stabilize the company [4][6] - A recent court report indicates that while the company is selling off some assets, the core brand remains viable and can be reorganized [5][6] - The company has received a $2.5 million short-term funding from its lender to cover overdue bills and has laid off 12 employees [8] Historical Context - Nathan "Nearest" Green, a formerly enslaved man, is recognized as the master distiller who taught Jack Daniel how to distill whiskey, leading to the establishment of the Uncle Nearest brand in 2017 [7] - The brand emphasizes the importance of reclaiming and sharing its historical narrative, with efforts made by founder Fawn Weaver to document Nearest Green's legacy [7]