Nygard Entities File for Chapter 15 Bankruptcy in New York

Nygard International Partnership, women’s fashion designer and retailer founded by Peter Nygard, and related entities file for Chapter 15 protection from creditors in New York, court papers show.

• Chapter 15 bankruptcy allows a company to protect its U.S. assets while it reorganizes in its home country
• Nygard is based in Winnipeg, but has operations around the world, according to its website
  • Federal agents raided co.’s Manhattan offices and Peter Nygard’s Los Angeles home last month as part of a sexual assault investigation into the founder, per New York Times
  • Nygard stepped down as chairman, per Times
  • Dillard’s dropped ...