TRUMP FAMILY/IVANKA: “Ivanka Trump’s fashion brand called off a deal with a major Japanese apparel company after learning that it was backed by the Japanese government, Ms. Trump’s company said in a letter made public on Monday [6-12-17].
The New York Times reported in December that Ms. Trump’s company was finalizing the agreement when Ms. Trump sat in on her father’s meeting with Prime Minister Shinzo Abe of Japan, and that the company’s largest shareholder was a government-owned bank. The brand ‘decided not to pursue further negotiations’ the next month, the company said.
The details about the company’s decisions were laid out in a two-page response to Democrats on the House Judiciary Committee, who asked a series of questions in early May about Ms. Trump’s business operations. The letter, and the Democrats’ response, were released by lawmakers in the latest volley between Democrats and the Trump family businesses.
The brand said that it was ‘committed to conducting business in an ethical matter,’ and outlined some of the steps Ms. Trump had taken to remove herself from her company — including resigning from its day-to-day operations and rolling the brand into a trust.”
-Rachel Abrams, “Ivanka Trump Brand Ended Deal With Japanese Firm Over Government Ties,” The New York Times online, June 12, 2017