Article contentOn Friday the 13th of March, as Canada went into lockdown, Peter Nygard’s retail fashion empire was still standing, barely. As it closed its distribution centres that day, with 1450 employees operating 169 retail stores and a large wholesale operation, it was hardly at the peak of its influence. We apologize, but this video has failed to load. Try refreshing your browser, or Nygard's final sale: The rise and fall of the Polyester King's retail empire Back to videoBut it was still an astonishing and profitable success, built on cheap and cheerful fast fashion for the modern cost-conscious woman of style, which had made Nygard fabulously wealthy and tagged him with the nickname of the Polyester King. A court decision in March took corporate control out of Nygard’s hands, as his companies were put into receivership, and warehouses in Toronto and Winnipeg put up for sale.

Source: National Post July 09, 2020 22:07 UTC