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Stock impact report

159-year-old liquor brand faces Chapter 11 bankruptcy, asset sale [TheStreet.com]

Brown Forman Inc Class A (BF.A) 
Company Research Source: TheStreet.com
The company is a court-ordered receivership Selling assets is part of its plan. A Chapter 11 bankruptcy filing, but not a Chapter 7 liquidation, remains an option. Very few brands trace their history back to the 1850s, and almost no brands exist that were literally created to right a historical wrong. Uncle Nearest, however, traces its roots back to the founding of Jack Daniel's. It's not the prettiest of stories (few were, back in the age of slavery), but it's a story with an inspiring ending. Uncle Nearest's long history Nathan “Nearest” Green was a formerly enslaved man who became a master distiller and is credited with teaching a young Jasper Newton “Jack” Daniel how to distill whiskey. Source: CBS News After emancipation, Nearest became Jack Daniel's first “head stiller” (master distiller). The brand Uncle Nearest was later created (launched in July 2017) in honor of Nearest Green, celebrating his legacy. Source: Alcohol Professor The brand emphasizes recla Show less Read more
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