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.
Source: New York Times, CNN, Bloomberg