On Tuesday, Westward Whiskey announced that a group of private investors purchased the majority of its assets, rescuing the American single-malt brand from bankruptcy. Based in Portland, Ore., Westward Whiskey was established by Thomas Mooney in 2004 as House Spirits Distillery, which also produced Aviation Gin before it was acquired by Davos Brands in 2016. In 2018, Westward received an investment from Diageo-backed Distill Ventures, but in March of this year, the conglomerate announced that...| VinePair
Shortly before a federal judge placed Uncle Nearest, Inc. into receivership last month, he offered a frank assessment of the business acumen of the liquor firm’s husband-and-wife co-founders Fawn and Keith Weaver. “It looks like you’re out over your skis,” said the Hon. Charles E. Atchley. As far as euphemisms go, it was a pretty generous way to describe over $100 million in defaulted loans. But the point is salient, and widely applicable within the world of beverage alcohol. The arti...| VinePair
Update: At 4:44am ET on 7/12/2023, roughly 12 hours after this story was published, Anchor Brewing Company issued a press release announcing it will cease operations and liquidate its business. VinePair will be updating reporting throughout the day. Clarification (7/20/23): A previous version of this article stated that multiple current and former workers had told VinePair that Russian River Brewing Co. was a potential suitor to acquire Anchor from Sapporo USA.| VinePair
