Nephin Whiskey seeks further investment after boardroom dispute resolved
Company needs €1.1 million to complete the installation of its distillery in Lahardane, Co Mayo
Nephin Whiskey, the beleaguered Mayo distillery, is working on a fresh round of investment to complete its facility after the resolution of a bitter boardroom battle.
In the most recently filed accounts, the company’s directors, Paul and Jude Davis, said that they have secured €500,000 from the immigrant investor programme (IIP) as well as additional funding from private investors and the Employment Investment Incentive (EII) scheme.
However, the directors’ report states that the fundraising has ...