This article is more than
6 year old
Donald Trump
Ivanka Trump to wind down her company
July 24, 2018 at 13:44
The president’s daughter and White House senior adviser has grown frustrated by restrictions she placed on the company to avoid conflicts of interest
(CNN) - Ivanka Trump has decided to wind 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."
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 Ivanka campaigned for her father wearing Ivanka Trump products during high-profile interviews and speeches. Criticism intensified after the election, when Ivanka decided to advise her father while also retaining ownership of her eponymous brand.
CNN's Clare Foran contributed to this report.
Keywords
Newer articles
In case you missed it
Huge blow for Trump in hush money case
Huge blow for TikTok in US court
Drones are buzzing around US military bases, even forcing one to close its airspace. They reflect a growing problem.
Elon Musk net worth more than Bezos and Zuckerberg combined
Igor Kirillov: Russia's chemical weapons chief and mouthpiece killed in Moscow
Supreme Court to Consider TikTok Ban
FRESH HOPE: Huge update announced in search for MH370
Trump meeting with TikTok CEO at Mar-a-Lago as company asks Supreme Court to intervene in fight over federal ban
How rich musicians billed American taxpayers for luxury hotels, shopping sprees, and million-dollar bonuses