Black Excellence





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Kentucky’s ‘first’ Black-owned distillery ​

Capping off a year where a spotlight was placed on diversity in American whiskey, a new operation in Louisville, Kentucky has officially launched as the state’s first African American-owned distillery. Brough Brothers Distillery, founded by brothers and Kentucky natives Victor, Christian, and Bryson Yarbrough, opened its doors earlier this month in the Park Hill neighborhood, and bourbon production is already underway.

“We’re literally distilling right now,” Victor Yarbrough, the company’s CEO, told Whisky Advocate in late December.
The First African American-Owned Distillery in Kentucky Opens Its Doors - Whisky Advocate

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HBCU GRADS TURN TRAVEL PASSION INTO $10M REAL ESTATE PORTFOLIO IN LESS THAN 5 YEARS​

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HBCU grads, Carrington M. Carter and Calvin J. Butts, Jr. of East Chop Capital, are changing the face of private equity.

The two Hampton graduates recently announced the closing of their $4 million fund. With a strong background in real estate and entrepreneurship, Carter and Butts are capitalizing on the multi-billion dollar global vacation rental market.

We built our first vacation rental home from the ground up in the Pocono Mountains. ”

This one idea helped them expand their real estate portfolio to $10 million in just five years. The additional $4 million raised will allow them to double the value of their portfolio over the next six months.
HBCU Grads Turn Travel Passion Into $10 Million Real Estate Portfolio in Less Than 5 Years (blackenterprise.com)
 

Black Titan Franchise Systems, LLC, has entered into an agreement to acquire the Fuddruckers brand worldwide from Luby's Inc.​


Black Titan Franchise Systems, LLC, has entered into an agreement to acquire the Fuddruckers brand worldwide from Luby's Inc., to include Fuddruckers restaurants in Canada, Panama, Mexico and 85 locations in the United States. The transaction to acquire the Fuddruckers brand was announced June 17, 2021, is valued at $18.5 million and is expected to close within 90 days.

"We're excited to be purchasing Fuddruckers and look forward to working with Fuddruckers' many dedicated, highly capable franchisees to further build this brand.​

As a Fuddruckers franchisee, I have a vested interest in ensuring that all Fuddruckers franchisees have the resources, infrastructure, and operational and marketing support they need to maximize their return on investment.​

This strategic alignment, when combined with the fact that we sell the 'World's Greatest Hamburgers', will ensure the long-term success of the brand and our franchisees."​

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~ Nicholas M. Perkins, CEO​

Black Titan Investment​

 
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