‘A huge bust’įounded in 1934 by Sam Aaron and his brother, Jack - a reputed bootlegger during Prohibition - Sherry-Lehman built a reputation as a gateway to the US market for fine French wineries. Next to them, a $695 bottle of Chateau Filhot Sauternes lay crooked against the side of its case. Emilion, priced at a whopping $7,995 each, were visibly dusty and marred by fingerprints. Lisa FickenscherĪ few steps over, three bottles of choice Bordeaux - 2012 Chateau Ausone St. Sherry-Lehman’s once-impressive selection of White Burgundy has been decimated. The White Burgundy section - once a destination for choice bottles from Montrachet, Corton-Charlemagne and Mersault that went for thousands of dollars each - was mostly empty except for a row of relatively prosaic bottles priced at $54.95. revealed a handful of customers picking through spotty shelves. Green and Gilmer didn’t respond to repeated requests for comment.Ī visit this week to the formerly bustling shop at 505 Park Ave. “Suppliers are now forcing to wire them the money because their checks were bouncing,” a source with knowledge of the situation said. Vendors to the venerable shop aren’t taking chances either, sources say, and are demanding unusually strict payment terms from Sherry-Lehmann’s current owners - Kris Green, a former hedge fund executive who took an undisclosed stake in the business in 2013, and Shyda Gilmer, a veteran employee who is now its chief executive. If we can’t come to some arrangement, we seize the business.” “We are trying to communicate with them and find a mutually beneficial way to have them resolve it as quickly as possible. “They are high on this list,” Gazzale said. The iconic Sherry-Lehmann located at 505 Park Ave. Sherry-Lehmann now owes New York state a whopping $3.1 million in unpaid sales taxes, ranking it ninth on the Department of Taxation and Finance’s list of the top 250 delinquent business taxpayers, a spokesman for the agency, James Gazzale, told The Post. The 88-year-old institution, which once counted Greta Garbo among its loyal customers and is credited with introducing Dom Perignon to the US in 1946, has botched a bold, risky bid to expand its business nationwide, even as the Big Apple struggles to recover from the pandemic, sources tell The Post. Sherry-Lehmann - the posh wine store that has long cultivated a reputation as New York City’s preeminent booze merchant - is in danger of closing its doors as its free-spending corporate clientele continue to shy away from Midtown Manhattan, The Post has learned. Italian winemaker, 46, reportedly drowns in wine vat while trying to save colleagueĦ00,000 gallons of red wine flow through Portuguese town after spill, triggering environmental warningįrance to spend $216 million to destroy 80 million gallons of surplus wineįrance’s wine harvest could suffer amid heat wave - sending prices soaring

Wine shop in new york