Nygard’s Broadway building approved for sale
Fashion magnate in jail; faces sex charges in U.S.
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$19 $0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then billed as $19 every four weeks (new subscribers and qualified returning subscribers only). Cancel anytime.
Read unlimited articles for free today:
or
Already have an account? Log in here »
Hey there, time traveller!
This article was published 28/01/2021 (1330 days ago), so information in it may no longer be current.
A judge has approved the sale of Peter Nygard’s Broadway retail facility, the fourth property to be sold since the Nygard Group of companies went into receivership.
Court of Queen’s Bench Justice James Edmond approved the sale of the 13,000-square-foot facility Thursday.
The listed sale price for the property is $2.35 million. The final sale price remains sealed until the deal closes.
The court had approved the sales of Nygard’s Inkster Boulevard and Notre Dame Avenue properties, as well as a flagship Toronto property.
The Nygard Group of companies was placed in receivership last March after lenders White Oak Capital and Second Avenue Capital Partners went to court for repayment of a US$25 million loan.
Nygard, 79, remains in custody following his arrest last month on a U.S. extradition warrant. Nygard is facing prosecution in New York, where he has been charged with sex trafficking and racketeering offences spanning decades.
A judge is expected to rule next week on whether Nygard will be granted bail.
