Sources told Page Six that the company will be shuttered “ASAP” and that staff have been informed that they’re being laid off.
“It’s just never recovered since she stepped away from the company,” said an insider.
Ivanka’s clothing and accessory business has been operating with limitations to reduce potential violations of ethics laws and the perceptions she’s profiteering off her White House role. Given those restrictions, Ivanka, who serves as a senior adviser to President Donald Trump, decided it didn’t make sense to keep the company running if she’s not returning after her father’s presidency, the people said.
— MSNBC (@MSNBC) July 24, 2018