Ivanka Trump the first daughter announced that she had closed her popular fashion brand, following a firestorm of criticism about potential conflicts of interests and flagging sales fueled by a political backlash.
Ivanka Trump who is 36-year-old, has been seen wearing shoes from her namesake label, stepped away from the company to work in the White House as an advisor to her father, President Donald Trump. But she continued to profit from the label.
The brand (which sales While the clothing, footwear and accessories) had a higher sales in the year 2016, the year that Trump won the presidency, it suffered a backlash after he took office, and had been axed by a growing number of retail chains.
As first daughter, she has travelled overseas representing the United States, attended meetings with visiting heads of state and travelled domestically, fueling speculation that she may harbor future political ambitions of her own.
“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,” she said in a statement.
“So making this decision now is the only fair outcome for my team and partners,” she added.
“I know that each of them will thrive in their next chapter.”
US watchdog Citizens for Responsibility and Ethics in Washington offered lukewarm approval and called on the Trump family to divest from all assets, saying they should have done so before entering the White House.