Ivanka Trump is closing down her eponymously-named fashion brand just one year after she joined the Trump administration as a senior adviser. Ivanka had to distance herself from the company due to a conflict of interest between her companies and her position in public office.
According to reports, after the 2016 presidential election which her father subsequently won against Hillary Clinton, the sales for the brand increased exponentially.
However, following Trump’s unlikely win of the presidency, Ivanka became the subject of a series of boycotts and other criticism, with her companies being at the heart of some of those political crusades.
In the past eighteen months, companies like Nordstrom Incorporated and Hudson’s Bay Company have stopped selling her products, due to Donald Trump’s policies and often inflammatory rhetoric.
Abigail Klem, who became the president of Ivanka’s brand after she left, told her 18 employees on Tuesday that the company would be shutting its doors for good.
And Ivanka will be giving a speech later today. It’s been difficult for Ivanka to have the company perform as it once did, due to the boycotts and other restrictions.
Additionally, she had to place more restrictions on IT Collection LLC for the sake of minimizing the conflict of interest between her holding of public office and her brand.
As you may know, Donald Trump’s administration has been one of the most contentious administrations in recent memory, with his policies receiving outspoken condemnation since the beginning.
Ivanka has been the target of political pundits and talk show hosts as well, including Samantha Bee, who called Ivanka a “feckless c*nt” while on air.
However, some have claimed that the reaction to his administration has been one of “derangement,” rather than rationality, sparking the creation of the term used by some political pundits, “Trump Derangement Syndrome.” The term originates in the George Bush Junior administration which began almost twenty years ago: in 2001.