NEW YORK — Canadian Peter Nygard and Tarrant Apparel Group of Los Angeles have converged south of the Rio Grande for a Mexican rendezvous.

Nygard, chairman and chief executive officer of Nygard International, has acquired 6.4 percent of Tarrant through his investment vehicle Emerald Point Inc., based in the Bahamas. The enterpreneur characterized the purchase as "a private investment in a public company that’s indicative of my long-term commitment to Mexico."

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