THE BOUT CONTINUES: One day after a Manitoba court judge approved the liquidation of Nygård’s retail properties, lawyers for Peter Nygård filed a motion to amend his racketeering complaint against Louis Bacon.
Nygård and Bacon own neighboring properties in Lyford Cay, an affluent enclave in the Bahamas. The titans initially crossed swords over a property dispute and have battled for decades in and out of court. Nygård’s legal problems include a complaint filed by 46 unidentified women alleging rape and sex trafficking.
In March, a group of companies owned by Nygård went into receivership and are under the control of the Richter Advisory Group. On Wednesday, Manitoba’s Court of Queen’s Bench approved the liquidation sale of assets and inventory belonging to Nygard at a date to be determined. The Nygård chain had 169 retail outposts and 1,450 employees at one time.
The company’s business has dwindled over time, due partially to the allegations against its namesake. After the Federal Bureau of Investigation and other law enforcement agencies raided Nygård’s Times Square offices in Manhattan and his California home as part of the sexual assault investigation in February, Dillard’s announced it would no longer carry the moderate sportswear label. As of Friday, the retailer
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