As the recipient of the Lifetime Achievement Award, Peter Nygård was honored for his endless support of the Bahamian community during Bahamas Fashion Week. On July 9, 2008, Peter Nygård was recognized for all his efforts within the spectrums of fashion, business, and philanthropy. The ceremony was held at the 'BLUE SKIES' Fashion Show in the Rainforest Theater Crystal Palace.
Kevin Strakan, President & Owner of Fifth Avenue Marketing & Modeling Agency, said "This award is for the person who never says no. Who goes above & beyond when it comes to fashion, advertising and entertainment. Peter Nygård completes the circle, putting the chain together - no broken links. Every year from this point forward there will be a recipient of the 'PETER NYGÅRD FASHION AWARD'."