When Ivanka Trump bought the brand: A look at her rise and fall
- by admin
Ivanka Trump has become one of the most sought-after designers in the fashion world, and now she is buying the brand she started in her father’s image.
Interested in Donald Trump?
Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News.
Ivanka Trump announced Wednesday she is acquiring fashion brand YSL for $3 billion.
It will create a fashion house in New York that will create and manage fashion brands, and will be run by a team of senior fashion executives.
A YSL spokeswoman did not immediately respond to ABC News’ request for comment.
The purchase marks a dramatic shift for Ivanka Trump, who started her fashion career at the age of four with a pair of YSL dresses.
Now, as a young woman, she is leading a fashion industry revolution in her own right, creating a brand with a distinctive brand identity that is accessible and unique to her.
The brand, which is based in New Jersey, is an extension of the Ivanka Trump brand, a product line based in the West Wing.
Ivanka Trump began working in her namesake brand after she joined the Trump Organization as an unpaid intern in 2007.
In her role as a senior adviser, she worked with her father on the first presidential transition team, working to promote the brand.
Ivanka has worked in her family business for decades, first with the Trump name and then with the brand in the early 1990s.
She has been involved in fashion for decades.
“When I first started working in fashion, I was at a disadvantage,” she said during a speech in New Hampshire.
“My father was an early adopter of fashion, but he also loved fashion, and he loved fashion in general.
He loved a good watch, and I loved a nice pair of shoes.
And so, I took it upon myself to try to bring to fashion what I thought was beautiful, the idea that I can make this work.”
The new YSL is a brand she created, the spokeswoman said, adding that Ivanka has no plans to leave the brand behind.
She said it is an exciting time for the brand and for fashion.
The decision is significant because it signals that Ivanka is stepping away from her father and putting her imprint on the brand as a member of the new president’s team.
The new company is led by a group of senior executives led by CEO Kristy Snyder.
Ivanka is not among the top five women in the company, but she has a leading role, the spokesman said.
She will work closely with her husband, Jared Kushner, and her sister, Ivanka Trump’s son-in-law and senior adviser.
Ivankas first clothing line, called YSL, was launched in 1979 by her father, Fred Trump, at a time when the family owned a clothing store.
The brand was based on the style of an era before the fashion industry embraced high-fashion, a trend that began to wane during the 1980s and 1990s, when women began to wear smaller, more revealing clothing.
The business model of the YSL brand was that women were offered free, high-quality, handcrafted clothing that they could wear at home and shop at the store.
The line went on to become a hit, selling nearly 3.5 million items and selling millions of dollars in merchandise.
It is considered one of fashion’s most successful brands and is owned by the Trump family.
The YSL family has since expanded the brand to include clothing for the fashion and retail industries.
The Ivanka Trump clothing line was sold last year for more than $5 billion.
She and Kushner have since run the brand, with Snyder serving as president and chief operating officer.
The first YSL store was opened in 1984.
The family owns other retail and fashion companies.
The sale of YSK will create the world’s largest fashion company and is a direct result of the president’s successful campaign to help create jobs, including through tax reform, and boost economic growth.
Trump also created the Ivanka and Erickson Collection, a line of high-end women’s and children’s clothing that was sold to the public last year.
It was sold through the IvankaTrump.com website for $100 million.
Ivanka Trump has become one of the most sought-after designers in the fashion world, and now she is buying the…