Peter Nygård

Peter Nygård
Peter Nygård, Beverly Hills California on February 28, 2016
Born	1943 (age 73–74) Helsinki, Finland
Residence	The Bahamas
Citizenship	Canadian
Occupation	Business owner
Known for	chairman of Nygård International

Peter J. Nygård (born 1943) is a Finnish-Canadian executive, founder and chairman of Nygård International. He was rated the 93rd richest Canadian by Canadian Business Magazine in 2015 with a net worth of $857,6 million.

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.

In 1964, he graduated from the University of North Dakota.

On December 1, 1967, 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, Nygård owned the company and renamed it Nygård International.

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 City.

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

Nygård is Canada's largest fashion house.

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.

On April 14, 2010 Nygård 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.