[QUOTE]Companies and institutions are shunning President Trump and some associates after the attack on the U.S. Capitol. The Trump family business, built on luxury hospitality, is contemplating a reinvention.

In the span of four days, President Trump’s family business has lost its online store, the buzz from Mr. Trump’s promotional tweets about its luxury resorts and bragging rights as host to one of the world’s most prestigious golf tournaments.

The mob attack on Congress last week by Mr. Trump’s supporters has spurred a reckoning for the Trump Organization by businesses and institutions, at a scale far greater than his previous polarizing actions.

And the Trump brand, premised on gold-plated luxury and a super-affluent clientele, may not fully recover from the fallout of his supporters violently storming and vandalizing the U.S. Capitol, hospitality analysts say and some people close to the business acknowledge. Other companies linked with the Trumps, including Deutsche Bank, the president’s largest lender, and Signature Bank, are also seeking distance from him and his business.

The backlash is part of a broader shunning of Mr. Trump and his allies unfolding in the wake of the deadly assault on the Capitol. Schools stripped the president of honorary degrees, some prominent Republicans threatened to leave the party and the New York State Bar Association announced it had begun investigating Mr. Trump’s personal lawyer, Rudolph W. Giuliani, which could lead to his removal from the group.


As House Democrats introduced an article of impeachment on Monday, more than a dozen big businesses vowed to withhold certain political donations. Coca-Cola said it would pause donations from its political action committee, saying in a statement that “these events will long be remembered and will factor into our future contribution decisions.” Marriott, the giant hotel chain, said it would pause donations from its political action committee “to those who voted against certification of the election,” a reference to the congressional Republicans who joined Mr. Trump’s false claims of election fraud. Morgan Stanley and AT&T said they, too, would suspend contributions to those lawmakers.

The Trump Organization had already been facing considerable financial challenges. Many of its golf and resort properties had been losing money, and the pandemic had forced it to close some restaurants and bars and drastically reduce hotel occupancy, including at its hotel a few blocks from the White House. And with more than $300 million in debt coming due in the next few years that the president has personally guaranteed, there had been some urgency for the company to line up new deals.

While such an array of challenges would spell doom for just about any hospitality brand, executives of the Trump Organization said they planned on cashing in on Mr. Trump’s global fame with overseas branding deals.

“There has never been a political figure with more support or energy behind them than my father,” Eric Trump, the president’s son, who helps run the family business, said in a statement on Monday.

He Created the Web. Now He’s Out to Remake the Digital World.
The family is also already considering starting a media outfit that would cater to Mr. Trump’s tens of millions of supporters, an effort that gained some urgency last week when Twitter and ******** barred the president from their platforms.

“There will be no shortage of incredible opportunities in real estate and beyond,” Eric Trump said.

Before becoming president, Mr. Trump had cycled through many lines of business, including casinos, an airline and reality television. Some ventures were wildly successful, while others were colossal failures. But they revealed his ability to camouflage his wares and capitalize on opportunities, even when his name appeared irreparably tarnished.

This time, the challenges are steeper. The fallout began on Thursday, when the e-commerce provider Shopify said it had terminated online stores affiliated with the president.

The biggest blow came on Sunday, when the P.G.A. of America announced it would strip Mr. Trump’s New Jersey golf club of a major tournament.

Mr. Trump was said to be “gutted” by the P.G.A. decision, according to a person close to the White House, as he had worked personally for years to push the tournament executives to hold events at his courses.

In a statement that hinted at a potential legal challenge, the Trump Organization called the decision “a breach of a binding contract,” adding that “they have no right to terminate the agreement.”

The P.G.A. Championship, scheduled for May 2022, was the ultimate golf-world trophy for the Trump brand, which over the last two decades has assembled an international collection of golf courses and resorts that now collectively represent about a third of the company’s revenue, according to the most recent financial disclosure report.

The tournament itself is not a major source of profit, but hosting an internationally recognized event is enormously valuable for marketing. It also would have bestowed greater legitimacy on Mr. Trump and his brand, which includes 16 golf clubs around the world.

“It has become clear that conducting the P.G.A. Championship at Trump Bedminster would be detrimental to the P.G.A. of America brand,” Jim Richerson, the P.G.A. of America president, said in a video statement.

The loss associated with the cancellation is difficult to calculate, but it could be very large and last for years in terms of missed future revenues, said Jay Karen, chief executive of the National Golf Course Owners Association.

“You have millions of avid golfers who have a proverbial bucket list,” tied to major tournaments like the P.G.A. Championship, he said. “If you had a major coming to you and it was pulled from you, that would certainly sting.”

In an email to members on Monday, the golf club said, “We have had a wonderful partnership with the P.G.A. of America and share your disappointment on their decision.”

The damage is expected to continue as various companies and industries reassess their relationship with Mr. Trump and his family business.

Mr. Trump’s hotels, like the Trump National Doral near Miami, had already lost many of the major corporate conferences after he made disparaging remarks about Muslims and Mexicans, among others, during his first presidential campaign, and his comments after a deadly rally by white supremacists in Charlottesville, Va., in 2017 suggesting that “there is blame on both sides.”

But the fallout from the attacks last week will be steeper and longer lasting, analysts and people familiar with the company said. Some members of the president’s golf clubs are reassessing whether to keep their memberships because of possible protests and vandalism, one of the people said.

David J. Sangree, a hotel industry consultant from Ohio, said that Mr. Trump’s role in the attack on the Capitol would further undermine the company’s efforts to appeal to affluent customers who were not Trump supporters.

“This is a big negative,” Mr. Sangree said. “There’s no question they’re going to lose more events because many groups are saying, ‘We don’t want to be associated with this brand.’”

Even plans to launch a Trump media platform will face obstacles. If Mr. Trump seeks to forge a new conservative news network, or join an existing one like OAN or Newsmax, corporate advertisers are hardly guaranteed to support him.

“There’s only so much that My Pillow guy can subsidize,” said Jon Klein, the former president of CNN U.S., referring to Mike Lindell, the chief executive of My Pillow who is an outspoken supporter of the president. “It’s suddenly a lot more daunting a proposition than it was a week ago for OAN and Newsmax.”

Deutsche Bank, which has been Mr. Trump’s primary lender for two decades, has decided not to do business with Mr. Trump or his company in the future, according to a person familiar with the bank’s thinking. Mr. Trump currently owes Deutsche Bank more than $300 million, which is due in the next few years.

The bank has concluded that, short of forgiving the debt, it has no way to extricate itself from the Trump relationship before the loans come due.

Another longtime financial partner of the Trumps, Signature Bank, also is cutting ties. The bank — which helped Mr. Trump finance his Florida golf course and where Ivanka Trump, the president’s daughter, was once a board member — issued a statement calling on Mr. Trump to resign as president “in the best interests of our nation and the American people.”

Susan Turkell, a spokeswoman for the bank, said Signature had decided that it “will not do business in the future with any members of Congress who voted to disregard the Electoral College.” Ms. Turkell said that in the wake of the riots the bank began closing Mr. Trump’s two personal accounts, which had about $5.3 million.

As his presidency ends, Mr. Trump is returning to a far different business than the one he ran when he took office.

Several hotel properties that carried his name have been erased from the portfolio, including ones in New York, Panama and Toronto. Plans for two new budget-friendly hotel lines, once a priority, have been indefinitely shelved. And a product branding windfall, which led Mr. Trump to endorse an array of items from steaks to mattresses, has dwindled.

The company also faces a criminal investigation from the Manhattan district attorney’s office, which is examining whether the president and his company committed any financial or tax crimes in recent years.

Leaving the White House, however, means that Mr. Trump will no longer face ethical restrictions like bans on international deals, potentially opening new business possibilities. The company could look for new deals in places where company executives believe Mr. Trump remains popular, such as Brazil, Argentina, Israel, Saudi Arabia and India. Mr. Trump could also hit the speaking circuit, collecting large payments for each appearance, a company executive said.

And some customers are likely to remain loyal to the existing Trump properties — particularly in red or purple states like Florida and North Carolina — no matter what the president does or says, or how many times he is impeached.

Mickael Damelincourt, the managing director at the Trump hotel in Washington, proclaimed on Twitter on Sunday that “America’s Living Room is ready for you,” as the hotel steakhouse and lobby bar aim to reopen on Friday.

In Miami, at Trump National Doral, the bar was busy at happy hour on Friday, as was the members-only clubhouse, with customers overheard talking both about golf games and business deals, almost none of them wearing masks.

Marion McCarthy and her husband, Donald, were having drinks there — where they have been members for decades. Dozens of other guests were arriving at the resort for the U.S. Am Tour, which drew more than 100 players, according to one scorecard, which added “Doral Amateur is SOLD OUT!!!!”

“What we are seeing is an overreaction,” Mr. McCarthy said. “Once he is out of office, I think he will be able to come down here and play a little more golf.”[/QUOTE][URL=https://www.nytimes.com/2021/01/11/business/trump-brand-capitol-mob.html]https://www.nytimes.com/2021/01/11/b...pitol-mob.html[/URL]

I’ve never seen corporate America bail on anything this fast. At this rate, Trump will be banned from breathing air.

Copy/paste the article for us bru....

That’s not quite what it says but it’s going to worse for Trump before it gets bette r

from the article:

Trump gave up his billionaire lifestyle for this country

A truly honorable man

Lmao, we won’t due business with him, but we still have to do business with him

What’s next? Trump banned from grocery stores?


This is going to bring about great consequences.


Looks like the book “the last president” is true.

This

trump could live off the donations of his simps ehem i mean supporters for the rest of his life, just setup a website like infowars and he will be good srs


or he could always start an onlyfans, a third of his 17% of gay supporters alone would net him millions every month not to mention the closeted ones...

What most of these retards dont understand is that risk profiling for suppliers is going to start including the likelihood of service termination on political grounds. None of these people making these decisions are really shareholders though, they are just managers with a paycheck and bonus options thrown their way as they try and climb the ladder at the expense of the owners and its customers.

How anyone can look at people like this with anything but contempt is beyond me, but when you consider how mentally ill and low test the average liberal is then it comes as no surprise

Self-Victimhood is now a recognized disorder, that first column is going to jump.

So basically they are forcing him into foreign banks the feds can't regulate?

Going forward, the best day for Trump will be the day he dies.
He wont be able to embarrass the country anymore.

Even for you, a loser alt on a bodybuilding forum, this a pathetic thing to say

True. He has millions of mouthbreathers waiting to donate to their dear leader......who is a billionaire ......but also needs donations ....


hmmm.......

He's either going to get buried, or this will backfire and he will become even better by forming his own institutions.

They are truly trying to cancel and censor a sitting US president, let that sink in LOl.

And everyones letting it happen.

America is a joke on the world stage now.

the liberal effort to destroy trump is nearly complete. you wont be able to publicy support the president, online or otherwise. it will be as if he never existed.

Sounds good to me.

So this is what happens when you go against the status quo.


Trump will going down as a hero for being one of the few to stand up to tyranny.

Serious .

They don't even treat actual criminals like this


They're making him pay for standing up for the American people and challenging the establishment, who'll be brave enough and have the resources to ever face them again after this?

Never make a martyr.

This.

The man did so much for us. I hate seeing this happen to him.

How are you people so brainwashed?

Trump getting absolutely cucked. Fuk around and find out.

The greatest people often have to make the greatest sacrifices.

...scoffs the smug chitlib ******* who thinks everyone else is in a cult while he lectures the universe about the merits of progressive ideology.

It's gone way beyond preaching, they are full on forcing their politics in a seek and destroy manner, using their corporate power to eliminate all who oppose them.

I was never a huge trump supporter but the one thing that I ABSOLUTELY HATE is the hypocrisy of these banks. These banks can do business with the mafia, cartels, and fund wars where innocent people die but god forbid some retards "storm" a building.

This exactly why trump should have fought the banks/declassified everything.

To think that most of these *******s were creaming themselves over the occupy wall street movement and were angry when the Dems stole the primaries from Bernie Sanders.

How do you actually ever reconcile anything with people this hollow?