Balcones Distilling Saga: A Warning for Craft?

Dear Client: Those in the craft distilling world (including our own Wine & Spirits Daily) have lately been following the Balcones Distilling saga, wherein founder Chip Tate holds that his return to the company he founded in 2008 is "unlikely if it remains under the majority ownership of PE Investors LLC, an Oklahoma equity firm that entered the scene in February 2013," he told Waco Tribune earlier this week.Majority investors have had a restraining order against Chip since August banning