Is Nygard Still in Business

Peter Nygaard is a Finnish and Canadian fashion director. Nygard International, a Winnipeg-based women`s fashion company, was founded by him in 1967. After the Federal Bureau of Investigation raided his company`s New York offices in 2020, Nygard was charged with sex trafficking, rape and extortion. Later that year, he was charged with sex trafficking and extortion, and alleged that sex trafficking involved children, and he was jailed. Nygard was charged by Toronto police in October 2021 with sexual assault and coercive detention in cases that took place between the mid-1980s and mid-2000s; Nygard has been accused of sexual misconduct since 1968. So, is he still alive? Scroll down to find out! The U.S. Attorney`s Office for the Southern District of New York says there is another side of Nygard that has been overlooked and concealed. In a nine-count indictment filed in December, prosecutors accuse him and others of using “company funds, employees, resources and influence” to recruit dozens of victims — some of them minors — in Canada, the United States and the Bahamas for his sexual gratification and that of his friends and associates. In an emailed statement, Nygard spokesman Ken Frydman said the businessman resigned from his company after FBI investigators raided his New York offices to prioritize the “well-being of thousands of Nygard employees, retail partners, loyal customers, suppliers, suppliers and business partners”. On February 14, 2020, it was reported that the Bahamas Police were investigating the allegations of four of the women in the class action lawsuit.

[17] On 25. In February 2020, Nygård International`s headquarters in New York City was raided by the FBI and NYPD in connection with allegations of sex trafficking. Nygård then announced that he would leave the company and sell his stake. [4] [18] In March 2020, a judge ruled that there was no evidence that Nygård had actually resigned and that he still owned 100% of the shares in the Nygård group of companies. [19] 1) Bianca Nygard – She is married and has a daughter and is actively involved in the family business. 2) Alia Nygard Daneault – She married Derek Daneault and also works for the family business. His mother is Patricia Bickle. 3) Kai Bickle Nygard – His mother is Patricia Bickle. On Friday, March 13, when Canada went into lockdown, Peter Nygard`s fashion empire was still standing, barely. Yes, he is still alive.

Peter Nygard is currently being held at Headingley Correctional Centre in Canada. In November 2019, he was sentenced to ninety days in jail in the Bahamas for contempt of court. He was also arrested in Winnipeg for extradition to the United States, where he will be charged with sex trafficking in Manhattan in December 2020. However, he was denied bail and is scheduled to be extradited to the United States on February 5, 2021. On October 1, 2021, he was charged by Toronto police with numerous sexual assaults and agreed to extradite her to the United States. He is currently in pre-trial detention pending extradition proceedings. The Nygard group of brands includes Peter Nygard, Nygard Slims, Bianca Nygard, ADX, TanJay, Alia and Allison Daley. Wan said that with a company named after its founder, there is a huge business impact when that namesake lands in the news — whether it`s because they`re dying, committing a crime, or being involved in a scandal. Peter graduated from the University of North Dakota with a degree in Business Administration in 1964 and three years later founded the Nygard Apparel Manufacturing Company (later renamed Nygard International) in his hometown of Winnipeg. So he became a modemogul and designer.

Nygard was born in Finland to a family that emigrated to Manitoba as a child. After studying business administration, he started working at Eaton, learned retail, and then bought a stake in a small company that he integrated into his empire. But it was still an astonishing and profitable success, built on cheap and cheerful fast fashion for the cost-conscious modern style woman who had made Nygard fabulously rich and earned her the nickname the king of polyester. In February 2020, Nygård International`s headquarters were raided by the Federal Bureau of Investigation (FBI) as part of a sex trade investigation against Nygård. [4] The company filed for Chapter 15 bankruptcy in New York on March 18, 2020,[11] and a Manitoba judge ordered the receivership of a Nygård group of companies the following day. [12] On April 30, a Canadian judge authorized an accounting firm to sell part of the business. [2] Peter Nygard was born Pekka Juhani Nygard on 24 July 1941 in Helsinki, Finland.