People on Twitter are calling out Peter Nygard, after FBI investigators raided his offices over a week ago. The fashion executive has been accused of sexual assault and sex-trafficking.
reported that Nygard filed a proposal related to the Canadian Bankruptcy and Insolvency Act, a little over a week ago. The filing was"to protect the livelihood of thousands of dedicated employees," the company said in a statement to WWD, noting that the filing did not mean the company was bankrupt or in receivership.
Peter Nygard attends Norby Walters' 26th Annual Night of 100 Stars Oscar Viewing at The Beverly Hilton Hotel on February 28, 2016 in Beverly Hills, California.The company denounced the accusations in their statement, calling it a conspiracy. The CBC reported that Nygard called the allegations a conspiracy from his former neighbor Louis Bacon. The two have been in a legal battle since Bacon tried block Nygard from rebuilding his home after a fire, citing environmental concerns.
Despite the company's recent changes, the company said that its retail locations and offices were running normally:"business as usual."
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