Fashion magnate Peter Nygard celebrated his company’s golden anniversary with the Nygard 50 Years in Fashion event at the convention centre Friday night. The fashion show featured vintage looks from Nygard’s decades in business. More than 600 people attended the show, dinner and dance.
Earlier Friday, it was announced that 70 long-term employees at the Winnipeg-based clothing maker Nygard International were to get a $10,000 bonus.
Employees who have 25 or more years of service found out about the big bonus in a speech Nygard delivered to workers Friday morning, the company said in a news release.
The release said the company founder told employees the firm’s success is the result of their dedication, ingenuity and loyalty.
"The people here are what matters," Nygard said. "You are the fabric of the company. You are family."
According to its online site, Nygard International has some 12,000 employees, headquarters in Toronto, New York and Los Angeles, 170 dedicated stores in North America and more than 6,000 department store "shop-in-shops" worldwide. According to a 2015 report, the company has annual sales in excess of US$500 million.
It’s not the first time the chairman has handed out big bonuses to long-time employees, the business said.
In 2003, Nygard offered $10,000 bonuses to longtime employees to celebrate the 35th anniversary of the company, the release said.