Peter Nygård

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with Petri Nygård. ‹See Tfd›
Peter J. Nygård
Born 1943
Helsinki, Finland
Citizenship Canadian
Occupation Business owner
Known for Chairman of Nygård International

Peter J. Nygård (born 1943) is a Canadian fashion executive, founder and chairman of Nygård International, a company based in Winnipeg that makes women's wear. He was rated the 70th richest Canadian by Canadian Business Magazine in 2009 with a net worth of $817 million.[1]

Early life[edit]

Nygård was born in Helsinki, Finland in 1943. His parents were Eeli and Hilkka Nygård, bakers who immigrated to Canada in 1952, settling at first in Deloraine, Manitoba (where Nygård Park would later be named in his honour in 2002). They moved shortly after to Winnipeg.[2] He currently lives in New York City.

He graduated from the University of North Dakota with a business degree,[3] and has received several awards from them.[4][5]

Nygård has seven children.[6]

Nygård International[edit]

On December 1, 1967, Peter Nygård used his life savings and an additional loan of $8,000 to purchase 20% of a woman’s clothing manufacturer. A few years later Peter Nygård owned the company and renamed it Nygård International.[7]

Nygård apparel manufacturing company was founded in 1967 in Winnipeg, Manitoba. Its Canada headquarters is now in Toronto, Ontario with its world headquarters in Times Square, New York.[8]

Peter Nygård's fashion concept retail store opened in Times Square in Manhattan on Friday, November 6, 2009.

Nygård is Canada's largest 'fashion house'.

Nygård Cay[edit]

In 1987, Nygård built a 150,000-square-foot (14,000 m2) compound at Lyford Cay in the Bahamas. It was partly destroyed by a fire on November 10, 2009.[9]

On April 14, 2010 Peter Nygard announced he was planning a $50 million renovation of Nygård Cay, which would take two years to complete and repair the damage and employ 200 construction workers.[10][11]

The Cay is inspired by the Mayan civilization’s architecture. One of the major buildings is a 32,000 ft2 grand-hall with a 100,000 lb glass ceiling.[12]

Allegations of Corruption[edit]

According to the Guardian newspaper, in 1992 Nygård wrote to Perry Christie, who is now the Prime Minister of the Bahamas and was then a junior government minister, in relation to a proposed change to the name of the land on which his home in the Bahamas is located. "Highlighting $42,000 worth of political donations", the paper reports, "Nygard asks among other things for a swift official name change of the land where his home has been built so that it will be known as Nygard Cay." According to the newspaper, Nygård wrote to Christie that "Obviously, this whole world is based on one hand helping the other and you know that I am prepared to do whatever is in my capacity to help out the Bahamas and the PLP [Progressive Liberal party] and of course yourself in any way I can."[13]


Nygård has supported the Canadian Breast Cancer Foundation[14]

Nygård has been a longtime sponsor of amateur sports in the Bahamas. In June 2010, is the main sponsor of Amateur Boxing Federation of the Bahamas' team for Continental Elite Boxing Championships Invitation only event slated for June 13–19 in Quito, Ecuador.[15] Wellington Miller, the president of the Bahamas Olympic Committee, said Nygård has contributed significantly to the Amateur Boxing Association of the Bahamas and their Olympic success.[16]

In April 2011, Nygård held the "2011 National Family Island Regatta" at Nygård Cay, which included a press conference to honor sailor and music entertainer ‘King’ Eric Gibson.[17][18]

In the same month, Nygård also donated $10,000 to Josie Poitier, a member of Holy Redeemer Church, during a Passover/Good Friday Breakfast/Brunch.[19]


In February 2012, Nygård launched a lawsuit against the CBC regarding copyright issues about private videos taken at his residence, which were then used in an April 2010 documentary.[20][21] He had also launched a copyright complaint with the US District Court in New York[22][23][24] and a lawsuit in Manitoba to prevent the piece from airing.[25] He had previously sued two former employees for releasing confidential information and his lawyer claimed CBC harassed many of the employees.[25] Nygård launched a civil suit against his neighbor and the Lyford Cay Property Owners Association alleging they conspired with the CBC to damage his reputation; he also filed a private criminal prosecution against three CBC journalists accusing them of conspiring to discredit him and his clothing empire.[26][27]


Peter Nygård owns the following aircraft for personal and corporate use:[28]

Peter Nygård's Aircraft:
Aircraft In Fleet Notes
Boeing 727-017 1


  1. ^ Kirbyson, Geoff (2009-11-19). "Manitobans make magazine's Rich 100 list". Winnipeg Free Press. Retrieved 2010-04-14. 
  2. ^
  3. ^
  4. ^ "North Dakota Entrepreneur Hall of Fame". Retrieved 12 July 2010. 
  5. ^ "Entrepreneur Awards". Retrieved 12 July 201. 
  6. ^
  7. ^ "Peter Nygard's success story". Retrieved 28 June 2010. 
  8. ^ "Nygard International Company Profile". 
  9. ^ "Fire destroys Nygard's Bahamas compound", Winnipeg Free Press, November 10, 2009
  10. ^ "Nygard pledges 50 million comeback". The Nassau Guardian. Retrieved June 28, 2010. 
  11. ^ "Nygard Cay is not licensed as commercial property". The Nassau Tribune. August 16, 2010. Retrieved August 31, 2010. 
  12. ^ "Nygård Cay". Retrieved 28 June 2010. 
  13. ^, retrieved 5th of July 2014
  14. ^ "$26.5 million Raised Nationwide as Canadian Breast Cancer Foundation CIBC Run for the Cure Celebrates Sweet Sixteen". Retrieved 2010-04-14. 
  15. ^ "Nygard sponsoring team for 'invitation only' amateur boxing event". The Tribune. June 1, 2010. Retrieved June 29, 2010. 
  16. ^ "Nygard to sponsor Exuma regatta". The Tribune. March 29, 2011. Retrieved April 13, 2011. 
  17. ^ "Nygard Does It Again, Sponsors National F.I. Regatta". Jones Bahamas. March 28, 2011. Retrieved April 13, 2011. 
  18. ^ "I did everything that I could to make it such a great sport". The Tribune. March 29, 2011. Retrieved April 13, 2011. 
  19. ^ "After years of giving, volunteer gets recognition, reward". Miami Herald. April 25, 2011. Retrieved April 25, 2011. 
  20. ^ "Nygard files another lawsuit against CBC". 2012-2-23. Retrieved 2012-2-24. 
  21. ^ "Former Deputy PM denies defending Nygard International against immigration accusations". The Nassau Tribune. April 14, 2010. Retrieved April 20, 2010. 
  22. ^ "Fashion mogul Peter Nygård tries to block airing of CBC show". 2010-01-12. Retrieved 2010-04-14. 
  23. ^ Famous Fashionista says: (2010-01-11). "Nygård seeks damages from the CBC". Retrieved 2010-04-14. 
  24. ^ Austen, Ian (2010-01-10). "Nygard Sues Over Unwanted Media Coverage". Canada: Retrieved 2010-04-14. 
  25. ^ a b Owen, Bruce (2010-01-13). "CBC probe distracts staff, Nygård claims". Winnipeg Free Press. Retrieved 2010-04-14. 
  26. ^ "Nygard enemy bolts". Toronto Sun. 4/9/2011. Retrieved 2011-04-26. 
  27. ^ "Fashion tycoon Peter Nygard files criminal complaint against CBC". Toronto Sun. 4/1/2011. Retrieved 2011-04-26. 
  28. ^ "Peter Nygård's Aircraft"

External links[edit]