Since it was founded in 2014, Nephin has raised around €6m, of which €2.5m came from BES Management, an investment fund controlled by Davy stockbrokers and accounting firm BDO.
Nephin Whiskey’s distillery has yet to distil any whiskey. It is reported to be a year behind schedule after installing its stills, which Covid-19 delayed.
As first reported by
The Business Post, the founders of Nephin Whiskey have become embroiled in a boardroom dispute. The dispute is between the Davises and fellow co-founder Mark Quick.
Quick resigned from his role as a director of Nephin Whiskey, referencing February 3, 2021. Others to resign from director positions include Joe Queenan, the managing director of Foxford Woollen Mills in Mayo.