Ivanka Trump Is Shutting Down Her Fashion Brand
The first daughter and White House advisor stated that her current role in Washington is one of the causes because of which she has decided to end her own business venture.
On Tuesday, Abigail Klem, who took over as company president last spring, informed the brand’s 18 employees that it would be shutting down. After the company’s closure announcement, Ivanka Trump met personally with her staff at Trump Tower in New York City
Klem said she was proud of the brand. “I know that this was a very difficult decision for Ivanka and I am very grateful for the opportunity to have led such a talented and committed team,” she said.
Ivanka Trump said that she was uncertain whether she would return to the retail industry after she leaves Washington.
In a statement, she said, “After 17 months in Washington, I do not know when or if I will ever return to the business, but I do know that my focus for the foreseeable future will be the work I am doing here in Washington, so making this decision now is the only fair outcome for my team and partners.”
She had launched the brand back in 2014. The brand saw a surge in sales during the 2016 election campaign. However, the family faced criticism after the 2016 presidential elections that they are using the President’s position to fulfill their business needs. In order to address those concerns, Ivanka separated herself from the company in 2017.
She decided to work with her father in the White House, where she is a senior adviser. Meanwhile, the sales reportedly began to fall.
In her statement, Ivanka Trump said, “I am beyond grateful for the work of our incredible team who has inspired so many women; each other and myself included. While we will not continue our mission together, I know that each of them will thrive in their next chapter.”
Deepali Is An Intern With SheThePeople.TV