Beer Industry News, Insights, Jobs, & Events

Uncle Nearest’s Receiver Turns Fraud Narrative Back On Lender, Alleges Farm Credit Mid-America Ignored ‘Red Flags’ & Benefitted Financially

Uncle Nearest’s Receiver Turns Fraud Narrative Back On Lender, Alleges Farm Credit Mid-America Ignored ‘Red Flags’ & Benefitted Financially

A new counterclaim filed by the receiver overseeing Uncle Nearest Premium Whiskey case alleges lender Farm Credit Mid-America ignored years of red flags while a rogue CFO falsified financial reports, misappropriated funds for personal purchases and increased the whiskey brand’s credit line from $35 million to $67 million.

Spirits Distribution: As RNDC Unwinds, Suppliers Chase Payments, New Routes to Market

Spirits Distribution: As RNDC Unwinds, Suppliers Chase Payments, New Routes to Market

The near-complete wind-down of Republic National Distributing Company’s (RNDC) national operations is sending shockwaves through the three-tier system – triggering a wave of transitions and emboldening distributors to delay payments, according to suppliers. Meanwhile, the country’s largest spirits distributor has cut staff.

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Pour One Out For Deschutes’ Kirkland Helles; Plus, World Cup, July 4 and Jersey Shore Chatter

Pour One Out For Deschutes’ Kirkland Helles; Plus, World Cup, July 4 and Jersey Shore Chatter

Can a letter writing campaign save Deschutes’ co-branded Kirkland Signature Helles, the same way Jess saved her childhood zoo? The Brewbound team and weekend newsletter writer Sean McNulty discuss the end of the cult favorite lager on the latest edition of the Brewbound Podcast, including an outpouring of somber reactions to the news.