Ivanka Trump Shuttering Namesake Fashion CompanyThe senior White House adviser formally stepped away from the company in January 2017.Senior White House adviser Ivanka Trump is shutting down her namesake fashion company, she confirmed Tuesday to The Wall Street Journal.
The daughter of President Donald Trump formally stepped back from the company, IT Collection LLC, in January 2017 after her father came into office. Abigail Klem took over as president a couple months later.
Klem announced the company’s closure to its 18 employees on Tuesday, according to the Journal.
“I know that this was a very difficult decision for Ivanka and I am very grateful for the opportunity to have led such a talented and committed team,” Klem said in a statement. “When faced with the most unique circumstances, the team displayed strength and optimism.”
Ivanka Trump expressed uncertainty about whether she would ever return to the business.
“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.”
The decision follows intense scrutiny from ethics watchdogs who have said the business marked a major conflict of interest for Ivanka Trump. She had reportedly grown frustrated with the restrictions she had placed on the company, an effort to appease critics and prevent any potential violations of ethics laws.
Company sales soared leading up to the 2016 presidential election, though backlash over the Trump administration’s policies prompted some retailers to distance themselves. Nordstrom dropped the line in February 2017 and Neiman Marcus announced it would no longer sell the brand’s jewelry on its website soon after. Several other stores have followed suit, including Hudson’s Bay in Canada earlier this month.
This is a developing story. Check back for updates.