Ivanka Trump shuts down clothing brand to focus on Washington
The Ivanka Trump brand is coming apart at the seams.
President Trump's daughter and senior adviser is shutting down her namesake fashion brand to focus on her Washington job, The Wall Street Journal reported Tuesday. The decision isn't unexpected, as Trump has had to restrict her role in the company to avoid conflict with her government role.
Ivanka Trump sales were soaring in the run-up to the presidential election, the Journal says. But after accepting a presidential job, Trump handed over company management to a new president and retained ownership. The brand soon became a symbol for her father's presidency, becoming the subject of boycotts whenever the president attracted massive criticism. That was especially true as the president slammed tariffs on Chinese goods but didn't touch Chinese-made Ivanka Trump products.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Trump fielded attacks herself as she urged businesses to "hire American" in a Journal op-ed, but didn't mention that her products are made overseas. The company doesn't reveal its finances, but online sales at major retailers plummeted by nearly 45 percent in 2017, the Journal says. Nordstrom slashed the brand in February 2017, and Canada's largest department store discontinued it in June after suggesting it wasn't performing well.
On Tuesday, the brand's president told its 18 employees about the impending shutdown. Trump released a statement saying she was unsure if or when she'd return to the business after her time in Washington, prompting her to shutter the brand to focus on D.C. "for the foreseeable future."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
5 sunny-side up cartoons about egg prices
Cartoons Artists take on inflated prices, double standards, and more
By The Week US Published
-
'Swimming in the sky' in northern Brazil
The Week Recommends The pools of Lençóis Maranhenses are clear and blue
By The Week UK Published
-
An ailing Pope Francis – and the vultures circling in the Vatican
Talking Point Caught between his progressive inner circle and an influx of conservatism, the Holy Father should 'brace' himself for a battle
By The Week UK Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published