To avoid conflict of interest, Ivanka trump covers personal clothing line and shoes, reports the WSJ. According to sources, the firm will be closed «as soon as possible». Employees have already been notified.
This solution is the daughter of the President of the United States took more than a year after became a senior Advisor in the White house and officially ceased to control the company.
In recent months IT Collection LLC because of the conflict of interests faced with numerous constraints. In addition, despite a sharp jump in sales after the election-2016 (as of 31 January, they increased by 61% — to $47,3 million), presidential daughter was constantly in scandals and boycotts. Sell items with label Trump refused such retailers as Nordstrom Inc. and Hudson’s Bay.
Under the brand name Ivanka Trump produced clothes, bags, shoes and jewelry. Things aimed at women in business, and sold at an average price of: bag IT costs an average of $200, basic pumps — $100.
Although after the victory of father in the election Ivanka and walked away from the company, thanks to the trust it has maintained its share in the business. Nevertheless, the President’s daughter was having difficulties with the insulation of the brand from the White house.
Recently in an interview with CBS Ivanka trump said that he was thinking about selling the company. However, she was confused by the idea that someone will sell clothing under the brand, the 45th President of America.
The news is updated.
