The US president's daughter's fashion brand announced its closure.
Ivanka Trump - the daughter of the US president - decided to focus on her political career instead of continuing to run the fashion company that bears her name.
SheetNew York PostThe Ivanka Trump brand will close "as soon as possible," and employees have been notified, a source told the outlet. "The company has never recovered since she left," the source said.Page Six.
Long agoIvanka Trumphas stepped down from running her namesake fashion company to focus on her role as a senior adviser at the White House. In a statement, President Donald Trump's daughter said: "When we first started this brand, no one could have predicted the success we would achieve. After 17 months in Washington, I don't know when or if I will ever return to the business, but I know that my focus for the foreseeable future will be the work I do in Washington. Therefore, making this decision now is the only fair outcome for my team and partners."
|
Along with her husband, Ivanka Trump currently serves as a senior advisor to US President Donald Trump. |
Abigail Klem, president of the Ivanka Trump brand, said it was "a truly difficult decision for Ivanka, and I am grateful for the opportunity to lead such a talented, dedicated team."
The Trump family has faced fierce criticism since the 2016 presidential election that it is using its political power to further its business interests. To address that, Ivanka distanced herself from the company in 2017, but the backlash resurfaced in May. She acquired several trademarks in China shortly before Donald Trump announced he would try to lift a US ban on ZTE, a Chinese telecommunications company.
Ivanka Trump started her own jewelry line in 2007, later expanding to clothing, shoes, handbags and other accessories. Last year, retailers Nordstrom and Neiman Marcusstop selling all productsIvanka Trump brand due to "poor sales", followed by many large commercial companies such as Marshalls, TJ Maxx, Hudson's Bay...
