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- Marjolein Stormezand
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The fashion entrepreneur Ivanka Trump announced last Tuesday the stop of her label of the same name. That's what the Wall Street Journal reports for the first time. In a statement, the presidential girl said that he would make that decision after a storm of criticism of potential conflicts of interest and disappointing sales figures provoked by political setbacks.
Trump, 36, left the fashion business in January 2017, President Donald Trump, to begin the White House. The criticism was that, at the same time, she continued to enjoy the income of her fashion company.
Trump's clothing brand made a breakthrough in 2016 when his father won the presidency. Fortune reported that wholesale sales revenue rose 61 percent to $ 47.4 million (40.5 million euros). Sales dropped when Donald Trump was sworn in. The coup de grace brought to the mark came when large retail partners Nordstrom and later the Hudson's Bay terminated cooperation with Ivanka Trump. The brand also became negative in the news because American apparel producer G-III Apparel Group, the company's license holder, changed the labels of Ivanka Trump's clothing to that of Adrienne Vittadini. . The group said that he did not want to end up with a surplus of Trump products because of the name of the president's daughter
Abigail Klem, president of the brand Ivanka Trump, informed the company's 18 employees fashion. That's what WSJ reports. The news site also mentions a possible restart in the future, given the intellectual property rights and copyright still retained.
"After 17 months in Washington, I do not know when and where I will head a fashion company, I will focus in the near future on the work I do here at the White House" , says Ivanka Trump in an AFP statement.
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