Business partners are told it's over for one of Trump's most prized businesses.
One of President Donald Trump's favorite businesses will go the way of Trump Steaks, Trump University, Trump Airlines, and Trump Magazine: his embattled New York modeling firm, Trump Model Management, has officially told its business associates around the world to prepare for its closure, according to an email obtained by Mother Jones.
Over the weekend, Corinne Nicolas, president of Trump Models, informed industry colleagues of the pending closure of the 18-year-old agency, in which Trump owns an 85 percent stake (according to his most recent financial disclosure). "The Trump Organization is choosing to exit the modeling industry," Nicolas wrote in the email. "On the heels of the recent sale of the Miss Universe Organization, the company is choosing to focus on their core businesses in the real estate, golf and hospitality space." (The Trump Organization sold the Miss Universe Organization, which also runs the Miss USA beauty pageant, to the talent agency WME-IMG about 18 months ago, following a controversy over then-candidate Trump's remarks about Mexican immigrants.)
Mother Jones reported last week that the firm was on the brink of collapse, and the New York Post confirmed on Friday that Trump's agency was indeed shutting down.
In her email, Nicolas did not provide a specific date on which operations will cease. Trump Models employees had assured Mother Jones as recently as last Wednesday that it was operating as normal and that the company was "of course" open for new business.