Jean toomer
Superstar
Very sad news.
Black excellence. Uncle Nearest brand hits 100million in sales and the owners purchase a bank in Tennessee!
- Thread starter Amerikan Melanin
- Start date
Whisky is not a good business to be in right now as a small player. Due to Trump, countries are boycotting that shyt hard.
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Mike Nasty
Veteran
Especially Canada which was the biggest market.
Long Live The Kane
Tyrant Titan
Should’ve found a way to tap into the whole “boots on the ground”, black rodeo, black country/cowboy aesthetic…makes me wonder how Beyoncé’s SirDavis brand is doing
, and if they were competitors in the space….the completely superficial and arbitrary nature of “urban” alcohol trends has always been funny to me….I’ve lived through so many eras and it’s wild how little it takes to for some brands to take off….Don Julio repesado has our people in a chokehold currently and fukking Cutwater went from being just some random can amongst many in any gas station cooler to all of sudden the popping drink trend of the summer because of TikTok astroturfing…if liq were rappers it’d be called a plant 
Just had the Cutwater Long Island this weekend for the first time. I had never heard of it but people were hyping it up. And I see why, the shyt was 13 percent alchohol...Should’ve found a way to tap into the whole “boots on the ground”, black rodeo, black country/cowboy aesthetic…makes me wonder how Beyoncé’s SirDavis brand is doing
Uncle Nearest story sucks tho. Now some big liquor company gets to buy up the brand recognition for pennies on the dollar. That's the problem with taking other people's money. They tried to play games with Diddy , Jay and 50 too so this shouldn't be surprising
Man this cutwater trend is so insane, they've been out for a while and ppl losing their damn mindsShould’ve found a way to tap into the whole “boots on the ground”, black rodeo, black country/cowboy aesthetic…makes me wonder how Beyoncé’s SirDavis brand is doing
Reading more about this, it looks like the family was more interested in clout and stunting than actually making good whisky. It sucks because now the Nearest Green name will now be associated with fraud and scamming. 
MVike28
right around the ACC
You see it!
Unfortunately your thread won’t do numbers
Positivity doesn’t move Arkham Asylum
This will be a one page thread.
Salute to the owners and keep rising!
Hopefully they get things back on track
Sista ain’t going down without a fight
Golayitdown
Veteran
The liquor is quality. Just about everything they put out has been great so far. I only dislike the Rye one, but that's personal preference since I have never had a Rye that I liked.Reading more about this, it looks like the family was more interested in clout and stunting than actually making good whisky. It sucks because now the Nearest Green name will now be associated with fraud and scamming.
It really sucks because their distillery and bar was really coming along. I've been there 3 times and it was a different experience each time.
Yaboysix
That nikka
Came in to say I don't even Drink, but congratulations...
Bruh, if I owned a Turkey leg hut, or whiskey company, you would NEVER see me or my fams faces...I'd have an old Colonel Sanders ass country ass Nygga with white hair as the Face if my company.... I am absolutely ANTI clout. I ain't trying to be on video doing Trips and living lavish...Im trying to be out the way n make this money!
Bruh, if I owned a Turkey leg hut, or whiskey company, you would NEVER see me or my fams faces...I'd have an old Colonel Sanders ass country ass Nygga with white hair as the Face if my company.... I am absolutely ANTI clout. I ain't trying to be on video doing Trips and living lavish...Im trying to be out the way n make this money!
DrBanneker
Space is the Place
I have not worked in whiskey but have in a similar industry. A few things stand out:
Liquor and wine typically have issues with too much working capital tied up in inventory as sales decline. If you age spirits 6 months for example you should have six months barrel inventory minimum at all times. That would be almost $50m worth for Uncle Nearest.
If the lender claims they were short barrels either they were selling faster than they could keep up (good) or their sales peaked a long time ago and the inventory in distribution already is all that is paying them (bad). In the good scenario they have good positive cash flow to pay the loan, so maybe they peaked a year or two back and have had trouble paying since.
What is interesting is that during their boom they could've sold equity and paid off the debt, though losing some voting rights. They reportedly were turning away investors they were so oversubscribed in a funding round.
When the court takes over their fiancials will become public record. It will be interesting, though very saddening potentially.
Liquor relies on marketing so they had to be public but I always worry about Black folks who openly flaunt success. It is an unfair and wicked world we live in.
Liquor and wine typically have issues with too much working capital tied up in inventory as sales decline. If you age spirits 6 months for example you should have six months barrel inventory minimum at all times. That would be almost $50m worth for Uncle Nearest.
If the lender claims they were short barrels either they were selling faster than they could keep up (good) or their sales peaked a long time ago and the inventory in distribution already is all that is paying them (bad). In the good scenario they have good positive cash flow to pay the loan, so maybe they peaked a year or two back and have had trouble paying since.
What is interesting is that during their boom they could've sold equity and paid off the debt, though losing some voting rights. They reportedly were turning away investors they were so oversubscribed in a funding round.
When the court takes over their fiancials will become public record. It will be interesting, though very saddening potentially.
Liquor relies on marketing so they had to be public but I always worry about Black folks who openly flaunt success. It is an unfair and wicked world we live in.
