Gary Andrus' Kiwi Winery Placed in Receivership
Issue: November 15, 2006
New Zealand winery Gypsy Dancer, owned by American vintner Gary Andrus, has been placed in receivership because of large outstanding debts. The Bank of New Zealand has appointed an accounting firm to sell the Central Otago winery, its three Pinot Noir vineyards (which total about 70 acres), 800 cases of bottled wine and 26,000 liters of wine in barrel.
For the full article, check out the new issue of Wine Spectator, on newsstands November 15, 2006.