The Trump Organization on Wednesday announced that it is buying Ivanka Trump’s fashion line, Ivanka Trump Swimwear, for $2.1 million.
Ivanka Trump said in a statement that the deal will help the company expand its footprint and build new brands.
“The Ivanka Trump brand has been an inspiration for generations and we are thrilled to be joining forces with the iconic brand’s talented designers to expand the brand’s global reach,” she said.
The deal is subject to customary closing conditions, the statement said.
The Ivanka brand has produced over 1,000 styles and over 500 items.
The company was founded in 1975 by the family of Ivanka Trump, who is the founder of fashion and lifestyle brand Nordstrom.
The brand now has more than 10,000 locations worldwide and sells $6.4 billion worth of products.
The brand has also produced products for fashion shows such as Calvin Klein and Gucci.
Ivanka Trump said that the sale is in line with her desire to focus on creating great, high-quality products that are affordable and fun for our customers.
She said the deal is a testament to the power of brands that have been in the public eye for a long time.
Ivackson’s father, real estate magnate and Donald Trump Jr., is one of her biggest supporters.
She is married to Jared Kushner, a senior adviser to the president.