SEVERE WX : Severe Thunderstorm Watch View Alerts
STREAMING NOW: Watch Now

Ivanka Trump to shut down fashion company

Ivanka Trump has decided to shut down her company after deciding to pursue a career in public policy instead of retur...

Posted: Jul 25, 2018 8:11 AM
Updated: Jul 25, 2018 8:11 AM

Ivanka Trump has decided to shut down her company after deciding to pursue a career in public policy instead of returning to her fashion company.

Trump's clothing and accessory business has been operating with limitations to reduce potential violations of ethics laws and the perceptions she's profiteering off her White House role. Given those restrictions, Ivanka, who serves as a senior adviser to President Donald Trump, decided it didn't make sense to keep the company running if she's not returning after her father's presidency, two people with knowledge of her decision-making process told CNN.

"When we first started this brand, no one could have predicted the success that we would achieve. 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," Ivanka Trump said in a statement.

"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."

Ivanka is expected to address her company's staff on Tuesday in New York, according to a source with knowledge of her decision-making process. The same source said 18 people will be affected by the company shutting down.

The news was earlier reported by The Wall Street Journal and the New York Post.

Ivanka and her company have been mired in controversy since she campaigned for her father wearing Ivanka Trump products during high-profile interviews and speeches. Criticism intensified after the election, when she decided to advise her father while retaining ownership of her eponymous brand.

Abigail Klem, the current president of the Ivanka Trump brand, said in a statement on Tuesday that the move "was a very difficult decision for Ivanka."

"We are incredibly proud of the brand we have built and the content and product we've developed for our customers," Klem said, adding, "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."

Ivanka Trump's company saw an increase in profits in early 2017 after her father's presidential win, according to a person with direct knowledge. But since that gain, profits have declined, the source added.

Activists targeted Ivanka's clothing, shoe and jewelry lines for boycotts during the 2016 presidential campaign after the release of the now-infamous "Access Hollywood" tape in which her father could be heard bragging about groping women.

The line made headlines again not long after Trump's inauguration, when Nordstrom announced that it was dropping the brand from its stores, citing its performance. That prompted an attack from Trump himself, with the President tweeting that his daughter had "been treated so unfairly" by the department store chain.

After the President's dig at Nordstrom, Trump aide Kellyanne Conway told the American public to "go buy Ivanka's stuff" during an interview on "Fox & Friends." The on-air endorsement prompted a bipartisan backlash with lawmakers on both sides of the aisle calling for a review of whether the comments violated government rules.

The government watchdog group Citizens for Responsibility and Ethics in Washington called the news that Ivanka Trump will be shutting down her company "a notable step in the right direction," but added that it "comes much too late."

"While this is a notable step in the right direction, it's a small one that comes much too late," said Noah Bookbinder, the group's executive director, in a statement.

"The ethics issues that arise from her ownership of the Ivanka Trump Brand also arise from her ownership stake in the Trump Organization, and still more issues arise from her father's ownership of that business. If the Trump family truly cared about ethics, they would fully divest themselves of these assets -- something they should have done before they entered the White House," he added.

Nordstrom isn't the only retailer to distance itself from the brand.

The company that owns TJ Maxx and Marshalls decided to no longer promote the brand in stores, and earlier this month, Hudson's Bay, one of Canada's largest department stores, chose to phase out Ivanka Trump products, according to company spokeswoman Tiffany Bourr-.

Minnesota Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 25208

Reported Deaths: 1060
CountyConfirmedDeaths
Hennepin8514616
Ramsey3075128
Stearns203013
Nobles15445
Anoka142970
Dakota134957
Washington64532
Olmsted63410
Kandiyohi4971
Rice4622
Scott4362
Clay42728
Mower3452
Wright3202
Todd3190
Sherburne2462
Carver2182
Benton1783
Steele1600
Blue Earth1420
Martin1325
Freeborn1250
St. Louis11814
Pine890
Unassigned8810
Nicollet8810
Winona8015
Cottonwood760
Watonwan750
Carlton750
Crow Wing712
Otter Tail700
Goodhue683
Chisago621
Polk612
Lyon570
Itasca5510
Dodge530
Chippewa511
Morrison470
Meeker450
Douglas440
Le Sueur441
Becker400
Murray390
Jackson390
McLeod370
Isanti350
Waseca260
Rock220
Swift190
Mille Lacs191
Pennington190
Faribault190
Wabasha180
Fillmore171
Sibley160
Brown162
Beltrami150
Cass142
Norman130
Marshall120
Pipestone120
Kanabec111
Wilkin113
Wadena100
Koochiching90
Pope90
Aitkin80
Mahnomen61
Yellow Medicine60
Big Stone60
Lincoln50
Redwood50
Renville50
Red Lake40
Grant40
Lac qui Parle30
Clearwater30
Traverse30
Houston20
Hubbard20
Roseau20
Lake10
Kittson10
Stevens10

Iowa Coronavirus Cases

Data is updated nightly.

Confirmed Cases: 19669

Reported Deaths: 555
CountyConfirmedDeaths
Polk4236133
Woodbury276136
Black Hawk174745
Linn95379
Dallas91623
Marshall89616
Buena Vista8100
Johnson6149
Wapello59712
Muscatine55741
Crawford5282
Tama40327
Scott36110
Dubuque34619
Louisa34511
Sioux2830
Pottawattamie2698
Jasper26017
Washington1898
Wright1780
Warren1350
Plymouth1332
Allamakee1204
Story1161
Mahaska9510
Poweshiek908
Henry711
Bremer696
Des Moines651
Boone650
Clinton641
Taylor560
Clarke560
Guthrie513
Cedar481
Benton431
Hamilton430
Webster421
Monroe385
Shelby370
Jones360
Clayton343
Osceola340
Buchanan330
Iowa330
Marion320
Cherokee310
Jefferson300
Cerro Gordo291
Madison292
Lee270
Fayette270
Monona250
Winneshiek240
Lyon240
Davis230
Harrison230
Dickinson210
Sac200
Grundy200
Mills190
Floyd191
Humboldt181
Clay170
Delaware171
Hardin170
Butler171
Lucas170
Emmet160
Hancock160
Appanoose143
Ida140
Page140
Franklin140
Keokuk140
Pocahontas130
Greene130
Howard120
Cass120
Audubon121
Jackson120
Carroll110
Winnebago110
Chickasaw100
Kossuth100
Adair90
Van Buren90
Union90
Montgomery80
Adams70
Palo Alto70
Fremont40
Ringgold40
Mitchell40
Worth30
Calhoun20
Wayne10
Decatur10
Unassigned10
Rochester
Scattered Clouds
92° wxIcon
Hi: 92° Lo: 62°
Feels Like: 95°
Mason City
Clear
96° wxIcon
Hi: 94° Lo: 64°
Feels Like: 96°
Albert Lea
Clear
95° wxIcon
Hi: 92° Lo: 63°
Feels Like: 95°
Austin
Scattered Clouds
97° wxIcon
Hi: 93° Lo: 64°
Feels Like: 103°
Charles City
Clear
91° wxIcon
Hi: 92° Lo: 65°
Feels Like: 92°
Powerful storms and summer-like conditions are coming our way
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Minne "Sno" Da Opens Up

Image

VFW Waits To Reopen Inside

Image

Blackout Tuesday

Image

Sara's Midday Forecast - Tuesday

Image

Pool sales on the rise while pools remain closed

Image

Sara's Daybreak Forecast - Tuesday

Image

Rochester man bringing donations to the Twin Cities.

${item.thumbnail.title}

StormTeam 3: Today's Severe Weather Update

Image

Yoga studio closes space, tries new idea

Image

Forager Brewery welcomes new business

Community Events