Is Ivanka's Business Closing? - Updated

https://t.co/z4vXCcQcUB

— Maggie Haberman (@maggieNYT) July 24, 2018

This is the Page Six item Haberman is linking to:

Ivanka Trump’s clothing and shoes company is folding, Page Six has exclusively learned.

Sources say that it 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.

Update: From CNN, Ivanka has issued a statement:

"When we first started this brand, no one could have predicted the success that we would achieve. After 17 months in Washington, I do not know when or if I will ever return to the business, but I do know that my focus for the foreseeable future will be the work I am doing here in Washington, so making this decision now is the only fair outcome for my team and partners," Ivanka Trump said in a statement.

"I am beyond grateful for the work of our incredible team who has inspired so many women; each other and myself included. While we will not continue our mission together, I know that each of them will thrive in their next chapter." (Read the story here.)