Fashion executive Peter Nygard, denying allegations related to a sex-trafficking probe, resigns after authorities raid his company’s offices
Canadian retail tycoon Peter Nygard stepped down as chairman of his company after federal and local authorities raided the firm’s Manhattan offices as part of an investigation into sex-trafficking allegations against him.
A spokesman for Mr. Nygard announced the resignation Tuesday evening. Earlier that morning, Federal Bureau of Investigation agents and New York Police Department officers went to the offices of Mr. Nygard’s fashion company, Nygard International, according to Nicholas Biase, a spokesman for the Manhattan U.S....
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