FILE PHOTO: An Ivanka Trump-branded blouse is seen for sale at off-price retailer Winners in Toronto, Ontario, Canada February 3, 2017. REUTERS/Chris Helgren/File Photo
July 24, 2018
(Reuters) – U.S. President Donald Trump’s oldest daughter, Ivanka Trump, is closing her fashion line to focus her energies on advising her father’s White House, she said through a representative on Tuesday.
Trump, whose fortune comes from real estate development, came into office carrying a broad family business portfolio that trades heavily on the family name.
The president has made regular visits to Trump-branded properties during his time in office, prompting some critics to complain that he is using the profile of his office to promote his private businesses.
“After seventeen months, without a time frame for her return, Ivanka made the difficult decision that to be fair to the brand’s partners and its employees, the business should be wound down,” a representative for Ivanka Trump’s fashion line said in a statement on Tuesday.
The company said licensing contracts would not be renewed and those in place will be allowed to run their course.
(Reporting by Scott Malone in Boston and Nivedita Balu in Bengaluru; Editing by Arun Koyyur and James Dalgleish)
