The Source
For Uncle Nearest CEO Fawn Weaver, making spirits is secondary to cementing the legacy of Nathan “Nearest” Green, the nearly forgotten godfather of Tennessee whiskey.
The first company wide Zoom call for the Tennes see whiskey maker Uncle Nearest came in mid-March. Though staffers were separated by space and cables, headphones and screens, their anxiety was palpable. A pandemic was not just spreading across the country—it was devastating the industry.
Later that month, the American Craft Spirits Association would report that almost 90 percent of the 150 distilleries surveyed had closed their tasting rooms, which often account for a substantial percentage of sales. Nearly 60 percent had laid off or furloughed employees.
Plus, Uncle Nearest, only three years old, had ambitious plans. The company’s prizewinning whiskeys were already for sale in 50 states and 12 countries. It was spend ing $50 million to turn a 270-acre farm in Shelbyville into a distillery, tasting room, gallery, restaurant, and concert space, and it funds a charitable foundation. But it had yet to turn a profit.
This story is from the Winter 2020 - 2021 edition of Inc..
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Winter 2020 - 2021 edition of Inc..
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Karen Dillon
I moved my wedding to attend a company offsite. It was a terrible decision, but a vital lesson on balance.
The Ultimate Home-Based Business
Thirty years since her breakout on Friends, Courteney Cox is taking on a new role-entrepreneur.
An Uphill Battle
Zwift has been through layoffs and a leadership change in 2024, but co-founder and CEO Eric Min says he's learned that building a startup, like cycling, is an endurance test.
The GLOW UP
How Glossier broke free from DTC, survived the skeptics, and finally achieved profitability.
The Snack That Gives Back
With a new partnership, SkinnyDipped is supporting women founders worldwide.
A New Path to SuCCESS
AllTrails may have achieved the impossible-an app that truly helps you get away from it all.
The Back-lash Survivors
Don't challenge Elizabeth Gore and Carolyn Rodz to a game of highs and lows. The Hello Alice co-founders will win-by a long shot.
The Spa Surge
Prime IV Hydration & Wellness has successfully weathered stormy waters.
Riding the Waves
With Beehiiv, Tyler Denk built a buzzy newsletter platform and a brash online persona. Both are lucrative.
Home Economics
How Chairish brought the circular economy to furniture.