Ivanka Trump is saying goodbye to her fashion company. According to recent reports, President Donald Trump's daughter is putting a close to one chapter in her life and focusing more time on politics, as she will be shutting down operations on her clothing and accessories line in order to spend more time working with public policy. Evidently, Ivanka Trump is looking to stay in politics even beyond her father's four-year term. Here's what we know about Ivanka Turmp's latest business decision, and why she decided it was time to call it quits on her clothing and accessories line and focus on her new path.
As it was reported by CNN yesterday, Ivanka Trump's business venture has recently been operating with strong limitations for two reasons. First, Trump's company wants to reduce violations of ethics laws that might potentially rise while she's away at the White House. Second, Ivanka doesn't want perceptions that she's profiteering from her role in the White House, where she serves as Senior Advisor to the President. Based on these two factors limiting her business life, she felt it didn't make sense to return to the company, since she's thinking about staying in politics past her father's ongoing four-year term as President of the United States. This information comes from people with knowledge of Ivanka Trump's business affairs. She is expected to let her company know her decision later this week.
In a statement, Ivanka Trump explained her decision to move away from fashion and to focus more time into public policy, and why she thinks it's important. Here's what the company's namesake said.
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. 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.
Since joining her father in the world of U.S. politics, Ivanka Trump's brand has been filled with controversy, notably as the woman behind the company has been seen wearing her company's clothes during political events and speeches. When she decided to join her father in the White House while still retaining ownership of her company, that drew some more controversy. It was reportedly a "difficult decision" for Ivanka Trump to put the fashion company to an end, but she is evidently passionate about her new line of work, and she feels it's more important to pursue that career over her former one.
