Ivanka Trump's Business Is Prospering Under Her Father's Presidency. Especially In China
- Author: Leroy Wright Apr 19, 2017,
Apr 19, 2017, 11:21
According to the AP, Ivanka Trump Marks LLC applied for at least nine new trademarks in the Philippines, Puerto Rico, Canada and the US after the election. Sales hit record levels. Imports and distribution are up. While she has stepped down from both her own fashion company and from the Trump Organization and put her brand in a trust, she has not given up her financial control, an unusual situation to navigate now that she is subject to federal ethics rules on conflicts of interest. Ivanka Trump and her husband, Trump adviser Jared Kushner, were present throughout the weekend and sat next to the couple at dinner. But the Trump family's situation is unprecedented due to their vast business holdings.
In that role, she and her husband, Jared Kushner, have pushed to marginalize Steve Bannon, another top Trump aide.
January 11, 2017: Ivanka Trump announces she will take a "formal leave of absence" from executive positions at the Trump Organization and her lifestyle brand.
The White House has never been shy about giving her business a boost. Jamie Gorelick, a former Justice Department official in the Clinton administration, said Ivanka "has retained the authority to direct the trustees to terminate agreements that she determines create a conflict of interest or even the appearance of one". Sales spiked 771 percent in February over the same month past year, after White House counselor Kellyanne Conway exhorted Fox viewers to "Go buy Ivanka's stuff".
When Ivanka Trump gained her office in the West Wing, in theory, she was supposed to step back from her business. But she still owns the label, and the timing of the Chinese government's decision raises yet another round of ethical questions about whether the Trump family is profiting financially from its new political power.
Ethics experts say Ivanka Trump should stay away from the hotel while she works in government.
Ivanka Trump Marks LLC has more than 180 pending and registered trademarks in countries that include China, Japan, Mexico, Turkey, Israel, Canada and Saudi Arabia.
"Are they "'stepping away from China matters'?? "The brand has filed, updated, and rigorously protected its global trademarks over the past several years in the normal course of business, especially in regions where trademark infringement is rampant", she said. Conway was later reprimanded. March sales on Lyst were up 262 percent over the same period past year.
Business is tricky when you mix it with politics, that's for sure!
Now that she is serving in the White House in an unprecedented position, Ivanka is benefiting from loose or nonexistent accountability mechanisms. "All that buzz is hardwired to her products".
Adamson said that is a competitive advantage other brands just can't match. Since Donald Trump became president, her line has been dropped from major stores, sued by competitors, and more seriously, it's been the cause of an investigation after Kellyanne Conway may have promoted it illegally. "I would argue that if I had not come to Washington, D.C., and if I was in NY growing my business, I would be doing far better than by placing the restrictions that I have placed on my team, and ensuring that any growth is done with extreme caution", she said.
As for the Ivanka Trump items in her closet, she said, "I will be donating them".