Peter Nygard opts out of recession - set to open World Headquarters at Times Square

New York, NY/Nygard Cay, Bahamas - Bahamian resident, Peter Nygård who owns North America's leading women's fashion house has remained unscathed during the economic downturn, reporting the HIGHEST sales to date in the company's 40 year history.

"Quite simply, we have decided not to join the recession, our increase is over 25%," offers Nygård 's inspirational founder and chairman, Peter Nygård. "We have seen this type of thing numerous times over the years, and we are ideally suited for this environment. In fact, this is where we excel."

The Bahamas Weekly News Team visited Peter Nygard earlier this year at his luxurious one-of-a-kind home at Nygård Cay at the tip of Lyford Cay in New Providence for an exclusive interview.

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