In 2024, Forbes noted that Uncle Nearest, founded by Fawn and Keith Weaver, was valued at $1.1 billion. This is a point of pride for many in the Black community; a Black woman at the helm of a billion-dollar enterprise that she and her husband built from the ground up. Even for Black people who aren’t whiskey fans, many celebrated that Weaver’s efforts were as much about honoring a formerly enslaved master distiller, Nathan ‘Nearest’ Green, as it was about achieving some version of the American dream.
The made for Hollywood story has now taken a turn for the worse.
The Uncle Nearest brand was recently sued by Farm Credit Mid-America for defaulting on millions in loans. The company has now been placed in receivership, meaning a separate entity will manage the operational components of the business. Fawn Weaver will still be permitted to market the brand.
When I learned about the lawsuit, I was struck by several things. First, I wondered how a company valued at $1.1 billion lacked the cash reserves to service their debt. Next, at the same time Weaver was on a media blitz promoting her book, “Love & Whiskey,” the company may have been drowning in debt.
Certainly, all companies have financial ups and downs. Most business owners will acknowledge that they have, at one point or another, struggled with cashflow management. The recent lawsuit raises the question of whether Uncle Nearest is experiencing a short-term, curable challenge or whether they are insolvent. This question is obviously for the court and creditors to decide.
There are other litigants
Sadly, Farm Credit is not the only litigant and theirs is not the only lawsuit against Uncle Nearest.
I’m aware of at least two other lawsuits: Berlin Packaging, LLC, and Garcelle Menos.
Berlin Packaging filed suit on July 11, 2025 for breach of contract, and ultimately won a judgement for $2.1 million dollars.
Menos brought a sexual harassment and discrimination lawsuit against Uncle Nearest and Fawn Weaver. The case can be accessed here.
A separate distiller, Vanessa Braxton, said on The Liquor Connoisseur podcast that there will be other lawsuits. She alleged that Uncle Nearest owed an advertising and PR firm $261,000.
So, what to make of the debt load, the lawsuits, and the company that rose to prominence with a powerful story.
Here are three takeaways
- To a certain degree, Uncle Nearest may be suffering from an industry slump in terms of whiskey sales. Many consumers are opting for healthier lifestyles. Whiskey sales are likely to suffer in an environment where consumers are more health-conscious. Additionally, I am not sure of the degree to which millennials and Gen Z consume whiskey. It very much feels like a boomer and GenX drink.
- Uncle Nearest benefitted from a powerful origin story. A compelling story can take you far, but it is just one factor in a company’s overall success. In other words, media is a piece of the work, but it is no substitute for poor management.
- The matter with Uncle Nearest is a reminder of the dangers of debt. However, I am not sure it is possible for the average company to grow and scale without some degree of debt. The question becomes how does one manage it responsibly?
At the end of the day, the growth of Uncle Nearest can be attributed to the marketing prowess and hard work of its founders Fawn Weaver and her husband, Keith Weaver. They built a powerful company and brand in under a decade. Regardless of what happens next, no one can take this away from them.
Jennifer R. Farmer, aka The PR Whisperer®, is an author, lecturer and strategic communications expert. Check out our blog posts and subscribe for updates.

