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Sale approved for Nygard property on Broadway in Winnipeg, last of 4 sold under receivership

Sale approved for Nygard property on Broadway in Winnipeg, last of 4 sold under receivership
Caroline Barghout
© Jeff Stapleton/CBC
The Nygard property at the corner of Broadway and Sherbrook Street in Winnipeg has sold, nine months after it was listed for sale.
The last property associated with the once-ubiquitous Nygard fashion brand has been sold in Winnipeg.
On Thursday, Manitoba Court of Queen s Bench Justice James Edmond approved the sale of a 22,000-square-foot property at the corner of Broadway and Sherbrook Street belonging to Nygard Properties Ltd..
Nine Nygard companies have been under court-appointed receivership since March 18, 2020. They owed nearly $50 million to approximately 350 creditors around the world, including 40 Manitobans, according to the receiver s first report to the court. ....

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Nygard companies fight court-appointed receiver on authority to sell Inkster property

Nygard companies fight court-appointed receiver on authority to sell Inkster property
While Peter Nygard remains in a Winnipeg jail awaiting extradition to the U.S. on allegations of rape and sex trafficking, lawyers for one of his companies are now fighting a different battle in the Manitoba Court of Appeal.
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Receiver says Nygard Group thinks it found a loophole to regain property for benefit of owner Peter Nygard
Posted: Dec 17, 2020 5:45 PM CT | Last Updated: December 17, 2020
A Nygard property on Winnipeg s Inkster Boulevard is shown in an April 29, 2020, photo. Four properties in Winnipeg and Toronto were put up for sale after nine Nygard-owned companies went into receivership in March.(Jeff Stapleton/CBC) ....

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