I’ll admit I was wrong, it was his daughter that had the clothes line, but it was his wife who won a lawsuit because she can’t bank on her brand as well as she’d like.
Libel is a legal matter that could cost any business millions of dollars, not just Mrs. Trump. Get a clue.
Libel is bad, yes, but she’s not a business. She’s a potential business because of her position as the First Lady. And isn’t badmouthing a corporation a form of libel? Sure, Nordstrom’s stock went up, but they can probably sue for the tweet.
The stock actually went down immediately after the tweet, then recovered.
White House press secretary Sean Spicer said Wednesday that Trump had every right to tweet at Nordstrom, as the tweet wasn’t about promoting a family business but defending his daughter against an attack.
Here’s the brutal attack:
Early last Friday, Nordstrom said it would stop selling the Ivanka Trump brand but said the move was purely a business decision and not one based on protests or any other political reason. The company told MarketWatch that it culls about 10% of the brands it carries every year. Based on the Ivanka brand’s performance, it said, “we’ve decided not to buy it for this season.”