“As certain governments begin to respond to the COVID-19 pandemic by the lifting or amending of public health orders to loosen restrictions and gradually reopen businesses, the Receiver and the Consultant intend to commence with the Sale Approval Order,” reads a report submitted May 28 by the receiver Richter Advisory Group Inc.
According to Richter, the Nygard group owes $2.7 million in unpaid rent to 60 landlords, which has been adding up since March, when the stores were shuttered because of COVID-19. The Nygard group employed approximately 1,550 people at 169 retail outlets in North America who have been laid off since the company went into receivership.
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