Ivanka Trump Handing Reins to Brand President as She Steps Down

Trump to Step Down From Business, Won’t Divest Ownership

Ivanka Trump, who is stepping down from her clothing and accessories brand, has tasked President Abigail Klem with managing the company’s strategy and day-to-day operations.

The U.S. president-elect’s daughter plans to take a leave of absence and help her three young children adapt to a new home and schools, she said in a message on Facebook. As Donald Trump heads to the Oval Office, she is moving to Washington, where husband Jared Kushner will work as a senior White House adviser.

She also is taking leave from the Trump Organization, where her two brothers will remain and manage the business.

“I will no longer be involved with the management or operations of either company,” Ivanka Trump said. “I am confident that under her leadership the company will continue creating smart, solution-oriented product and content. My brothers will oversee the Trump Organization, and I know that in their capable hands the business will thrive.”

Ivanka Trump and her brand have drawn flak for mixing business with politics. After she wore a gold bracelet during an interview on CBS Corp.’s “60 Minutes,” her brand used the event to promote the jewelry, which was part of her collection.

The business previously raised questions in July when it tweeted a link to a dress sold at Macy’s, urging followers to “Shop Ivanka’s look” from her speech at the Republican National Convention.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE