Ivanka Trump has announced that she is shutting down her fashion company, just weeks after Hudson Bay announced it would no longer carry Ivanka’s brand:
#BREAKING – Ivanka Trump to shut down her fashion brand according to The Wall Street Journal. It was just two weeks ago that Canada’s Hudson‘s Bay Company announced it was dumping the brand. pic.twitter.com/4mkrbQXZqo
— Richard Southern (@richard680news) July 24, 2018
Here’s more from MSNBC’s Stephanie Ruhle:
JUST IN: Ivanka Trump is dissolving fashion line, sources say.@SRuhle and @kasie discuss the latest developments. pic.twitter.com/8STaY2zWc7
— MSNBC (@MSNBC) July 24, 2018
As Ruhle points out, it’s a private company so no one can claim to know how sales were actually doing. But given that both Nordstroms and Hudson Bay no longer carry her brand, it seems like that would have something to do with it.
Also Ruhle notes that all of Ivanka’s manufacturing is overseas, which stands in opposition to President Trump’s view that manufacturing stuff outside of America is bad.
In any event, she’s shuttering it and CNN loves this news. They have been all over this story in the last hour as if it’s the only news to report on. Well that and some Porny Daniels news.
Here’s Ivanka’s official statement:
JUST IN: Ivanka Trump issues statement on closing her fashion brand, saying "my focus for the foreseeable future will be the work I am doing here in Washington" https://t.co/4KVVbpV92D pic.twitter.com/GRPpViQuOm
— CNBC Now (@CNBCnow) July 24, 2018