The battle between Lyford Cay billionaires hedge-fund billionaire Louis Moore Bacon and fashion mogul Peter Nygard seems never-ending, but not for lack of trying to end it by Peter Nygard. Back in November of 2015, Nygard extended an olive branch to Bacon to end this feud. However, Bacon refused.
Nygard said it was one of many overtures of peace to Bacon. They have all been refused. To date, the money spent on this battle is in the tens of millions if not more.
In the 2015 open letter Nygard expressed:
“As 2015 draws to a close and we approach the holiday season, let us bring this fighting to an end and reach a global resolution under which Mr. Bacon and I will each contribute a significant and mutually agreed upon sum of money to aid the disadvantaged and better the islands. In this spirit, I am writing to invite all of you and/or your representatives to participate in a settlement conference to explore a resolution to all outstanding disputes, including legal actions, to take place as soon as possible in Nassau or wherever is most convenient.”
We are coming up on another holiday season with still no cessation to this million-dollar conflict.
Here is more of what Mr. Nygard wrote in his letter from two years ago.
Read the full story in the Bahama Journal here.