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Nygard Entities File for Chapter 15 Bankruptcy in New York

March 18, 2020, 11:47 PM

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 ...