Exclusive news and research on the wine, spirits and beer business

Wine Spectator: Are These Sherry-Lehmann’s Final Days?

June 15, 2023

Time is running out for Sherry-Lehmann, once the royalty of New York wine shops. Wine Spectator has learned that the store’s landlord issued it a 14-day notice of default, warning that its owners must pay overdue rent, water, and real-estate tax charges by June 16. If not, proceedings will begin to evict the 89-year-old merchant from its quarters at the prime corner of Park Avenue and 59th Street in Manhattan.

The sum owed to the landlord, Hong Kong–based Glorious Sun, exceeds $3.6 million. Non-payment goes back as far as March 2020.

The troubles at Sherry-Lehmann, brewing for several years, reached a flash point on March 9, 2023, when the state liquor authority ordered it to cease and desist from further alcohol sales until it renewed its retail license, which had expired at the end of February. That day, the shop shut down. Thirteen days later, Sherry-Lehmann got its license restored. Signage taped to the entrance door promised an upcoming “grand reopening.” That has yet to happen, though Sherry-Lehmann’s spokesperson told Wine Spectator an improved version of the store will reopen soon, fully stocked. Wine Spectator has the full story.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : ,

GET YOUR FIRST LOOK AT 2025 ESTIMATES AND 2030 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2025 IMPACT DATABANK REPORTS. CLICK HERE.

Previous :  Next :