The Trump brand is poised to go mainstream.
| AP Photo Trump daughter- in-law gets $200K to make Trump’s signature shoe | AP photo Ivanka Trump says Trump will use the money to build an exclusive golf course | AP article The first lady is going to be able to spend all her money at the Trump golf course.
| The Hill article Ivanka Trump will spend the money on the Trump name, brand and brand ambassadors.
| Associated Press The Trump Organization is taking its brand to the next level.
| NBC News Ivanka Trump is buying out the business of her father’s former wife, Marla Maples, with plans to invest more in the brand.
| NYT Ivanka Trump buys out Marla’s stake in Trump Organization.
| WSJ Ivanka Trump, her husband Jared Kushner, their children Ivanka and Donald Jr., and Jared Kushner’s brother-in, David Kushner, are all holding equity stakes in the company.
| Washington Post Ivanka Trump and Jared are investing in the Ivanka Trump brand.
Trump’s former spouse Marla Marples, who is now running the Trump Organization, owns 20% of the company and her sons Donald Jr. and Ivanka Trump all own 40%.
The remaining 20% is owned by Jared Kushner.
Ivanka and Jared have not said what they plan to do with the remainder of their shares, and their attorney, Marc Kasowitz, did not respond to requests for comment.
Ivanka’s father-in a new role for TrumpThe Trump Organization announced the decision to buy Marla in a statement to the New York Times.
“Ivanka Trump is a leading force behind the brand of Marla and we are delighted that she has agreed to sell her stake in the Trump organization,” the statement said.
“Marla is a powerful and influential woman with enormous experience and a long history of service to her family, including leading the organization through multiple rounds of negotiations, including its first bankruptcy.
Ivanka is also an incredibly talented artist who brings a unique perspective to the brand.”
Marla will take over as president of the Marla & Trump brand from her father, who stepped down in 2017.
The announcement comes less than a week after Trump signed off on Marla marrying Jared Kushner in a private ceremony in his Manhattan apartment.
Kushner is one of Ivanka’s closest advisors.
Ivanka has been married to Jared for four years.
In March, Ivanka’s company announced plans to create a new division dedicated to expanding the brand beyond the world of fashion and entertainment.
Marla has been a staunch supporter of Ivanka Trump’s business ventures, and the couple have become friends.
Marl also recently helped Ivanka sell the Ivanka brand to Macy’s, the company’s largest retailer.
Ivanka’s father and namesake are also on the board of directors of the American Museum of Natural History.
The company is also selling the Marl Marbles brand, a line of dolls and dolls accessories, to Walmart for $3 billion.