Astor Wines & Spirits, the iconic NYC wine retailer, has transitioned to employee ownership after being sold by its previous owners. The storied shop, known for its extensive selection and knowledgeable staff, is now run by its workers who are steering the company forward.
·The employee buyout marks a significant shift in ownership structure for the historic Manhattan wine destination
·Head wine buyer Lorena Ascencios and other staff members are now stakeholders in the business
·Andrew Fisher is leading the transition while maintaining the store's legacy and reputation
·The store has remained a cultural hub, especially during NYC's pandemic-era surge in at-home drinking
drawn from The New York Times, Forbes, Time Out Worldwide, Curbed · updated 169d ago