Donald Trump Make American Great Again Hat
Investing in a business to ensure you accept a stable income seems similar a wise conclusion — until it isn't. Even celebrities who already have a ton of cash tin can't be careless about choosing investments if they want to stay rich. From restaurants to wearable lines, the opportunities are plentiful, just it takes conscientious planning to avert embarrassing business disasters.
Depending on your age, you probably retrieve these unforgettable celebrity business flops. Recall you can judge who lost the most? Let's have a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eating house in 2002, the fizz was real. She was in her prime number years, and it seemed logical she would invest in a unlike type of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her departure from the business occurred in the same year afterward she butted heads with the management, who claimed she was responsible for the restaurant's debt and other financial issues. Fun fact: The eatery was supposed to be called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business concern moguls, but not all their business ventures have been a success. Take the Kardashian Kard, for case. In 2010, the Kardashians announced a controversial debut of a prepaid debit carte du jour featuring the sisters' faces on the front. The concern failed a month later on its launch when the legality of certain fees raised concerns.
An chaser claimed the high fees were unfair and unethical, particularly for the Kardashians' largely young developed fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family'southward attorney to accept immediate action and terminate the business to protect their reputation.
Kanye West – Pastelle Article of clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other fashion lines, there was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle habiliment line in collaboration with Adidas.
In short, a lot of drama happened, and according to reports, the investors didn't desire to invest a sufficient amount of money to get the business off the ground. Kanye himself said you need to invest at least $100 million when you lot're making a new make, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know about his business failures. Ane of those ballsy failures was a very aggressive airline. Back in 1988, Donald Trump introduced his own branded airline shuttle. The luxury shuttle service was supposed to run between Washington D.C., Boston and New York.
Blood-red carpets, gold and other luxury elements toll Trump $1 million per aircraft. Three months after the launch, ane of his planes near crashed. The near miss, rising fuel prices and a bank loan of $380 million made Trump decide information technology was time to leave his aviation dreams backside and try something else.
Paris Hilton – Dollhouse Drove
It has been proven plenty of times that Paris Hilton knows what she'south doing when it comes to business. The Hilton heir has made quite a proper name for herself, simply not every idea resulted in greenbacks in the banking company. In 2008, Paris Hilton for Dollhouse was released.
Information technology was a collaboration between Hilton and the popular vesture label, and admittedly anybody was buzzing virtually information technology. The drove basically had Paris' face and proper name on nearly every article of article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the town when she decided to operate a cable channel accessible to 80 million homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than $500 one thousand thousand invested in the projection. Unfortunately, her team failed from the start to understand what people responded to and how they watched cable channels. Low ratings and viewership hit the network hard.
OWN was arguably Oprah's biggest failure, merely unlike other celebrities on our listing, Oprah all the same hasn't completely given upwards on her business organisation venture. Who knows? Peradventure Own is finally on rail to pull itself out of some nighttime days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, just not all restaurants have a thing for celebs. Madre'south was inspired by J.Lo's mom and grandmother'due south cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described it equally "a family eating house with a petty chip of sexiness to it."
It lasted about six years before mysteriously endmost its doors in 2008. The Latin American eating house featured some of the culture's near typical dishes, but J.Lo'due south name wasn't enough to entice the public. No official reason was always given for the determination to close it downwards, but the assumption is poor operation.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided it was time to enjoy some passive income in the form of business organisation ventures. In 1995, she became the confront of a glamour-themed cafe chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid starting time and practiced fizz, but the novelty eventually faded, and it failed to make the necessary profit to stay open up. To meridian it all off, the business partners got involved in a money laundering scandal, making information technology clear that it was better for this cafe chain to close its doors for proficient.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, but Dive Restaurant wasn't 1 of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The identify was filled with impressive dive-themed decor and even featured a simulated diving session experience.
That all the same wasn't plenty to amuse the enervating Beverly Hills crowd, and the novelty of it started to wear off, resulting in dismal merchandise sales, which were a huge selling point for the business organization. In 1999, the restaurant officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its peak, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't desire to be strong and tough like Hulk Hogan, correct? Although it definitely seemed like a solid business organisation investment idea back in 1995, it didn't piece of work out in the finish.
The menu wasn't that different from your standard pasta eatery carte du jour, apart from the fact that it was branded by everyone's favorite wrestling guy. The eating house shut its doors almost a yr later, allowing the Pastamania name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump concern venture that failed to turn a profit dorsum in the solar day. With his focus on real estate, it'southward not surprising he tried to dip into the mortgage business. The success of this venture was very short lived.
Most of the Trump Mortgage failure came down to poor timing, as the 2006 recession struck, and the mortgage lending manufacture began to crumble with the market crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially closed down after declining to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a pop member of Fall Out Male child, and several other musicians decided information technology was time to open a nightclub. Wentz claimed he merely wanted a place for him and his friends to hang out. Later on, the club launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died down later on it was reported that the New York location got caught serving alcohol to minors and had to close down in 2012. A few years later, they also closed the Chicago location — and that was the cease of the Fall Out Male child nightclub.
Jim McMahon – McMahon'south Steakhouse
Ex-Chicago Bear Jim McMahon made a proper name for himself in the NFL in the '90s and also thought he could make a proper noun for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine among those in the bank loan world.
The restaurant was commencement called Chicago Stadium, just the owners of the Chicago Stadium quickly sued McMahon and his other concern partners. Co-ordinate to reports, the restaurant participated in some shady business practices, and McMahon had to distance himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — think her role every bit a guest judge on flavor 4 of MasterChef? In 2008, she backed a Los Angeles eating place called Beso. The identify was a hot spot for quite some time before closing its doors in 2011 amongst a ton of drama.
The business organisation filed for bankruptcy in order to restructure $five.7 1000000 worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso after relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, but that restaurant eventually closed likewise.
Jay-Z – J-Hotels
The world'southward first billionaire rapper is no stranger to successful business organization ventures, but the idea that "the sky is the limit" definitely doesn't apply here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan's Chelsea area, but lack of funding and a recession halted the structure.
The recession going on at the time basically made it harder to get the funding needed, and the whole concern project was put on hold in 2008. It looks like information technology never resumed, probably considering Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's take a suspension from restaurants and hotels for a while and go to 2008, which actually seemed to be a prime time for glory business organisation investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
Equally a long-term vegan, she felt the need to invest in something she believes in, and she felt a shoe line was definitely the way to become. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's website disappeared by the end of 2008.
Jermaine Dupri – Café Dupri
Jermaine Dupri rose to popularity in the '90s. From forming the iconic Kris Kross to producing music for all your favorite celebrities, Dupri was definitely at the peak of his game. In 2005, he decided to endeavour other business ventures and invested in a big café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were too considered healthy. Although it seemed like a decent idea and the buffet had large expansion dreams, the success didn't last. Iii years later, Cafe Dupri had to shut its doors after struggling to make enough profit.
Beyonce – House of Deréon
That'southward right — Queen B has experienced many failures forth with her success. Sounding similar a house out of Game of Thrones, Business firm of Deréon was a style line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce'south maternal grandmother.
The mode mixed the influences of hip hop with high style, and although it seemed similar it was taking off at showtime, it was ultimately criticized for its high prices. In 2008, the line besides came under fire for its ad with little girls wearing total makeup and high heels. The star discontinued the line in 2012 without formal detect.
Lily Allen – Lucy in Disguise
Lily Allen as well tried to fiddle in the mode world. The eccentric vocaliser is known for her fashion sense, so it seemed only fair to see if the rest of the world (or at least London) would catch on to her await. She opened Lucy in Disguise, a vintage wear store, with her sister in 2010.
The shop'due south location was one of the reasons for its failure — London's Covent Garden. High existent estate prices forced the company to motion to a somewhat cheaper property in Soho, but information technology wasn't enough to save the business, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business organisation venture launched by Neil Young in 2014. Information technology was really successfully crowdfunded via the popular platform Kickstarter, where it raised $6.2 one thousand thousand. The device was advertised equally a modernistic-day iPod with hi-resolution music service, but it was criticized for its poor pattern and high price tag ($400).
Iii years afterward, Neil Young ceased operations and closed the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging also much for hullo-res music formats, and the business organisation couldn't brand a profit, despite the steep price of PonoPlayer and its initial funds.
Sylvester Stallone, Arnold Schwarzenegger & Bruce Willis – Planet Hollywood
Planet Hollywood was a '90s sensation and boasted more than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating among popular movie props attracted endorsements from some of the biggest Hollywood names, but information technology wasn't all sunshine and rainbows.
The business filed for bankruptcy twice and reduced its number of restaurants to less than a dozen to ensure it could financially sustain itself and make a profit. This prompted investors like Arnold Schwarzenegger to move on and cutting ties with the business. Planet Hollywood is still around merely with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely popular investments for celebrities, and Kevin Costner was in on the idea too. In 1997, he dabbled in the nutrient manufacture in an attempt to make more money, of course. The theme of The Clubhouse was golf game, and unlike many other glory restaurants, it managed to last a surprisingly long time.
Based in Costa Mesa, California, information technology featured the exclusive await and style of a golf clubhouse that was open to the public. Ironically, information technology opened right across from Planet Hollywood, which was closing at the fourth dimension. The concern began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a different vision than near sports celebrities. The one-time Red Sox bullpen wanted to try something new, so he launched a video game business organisation in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 after only releasing a single game. Despite the business organization' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had big visions and a adept ear for music, but in 2011, the pop producer ventured into the earth of liqueur with much less impressive results. He worked with Diageo to launch Qream strawberry and peach liqueurs, specifically marketed to women.
Williams blamed Diageo for insufficient marketing efforts to launch the liqueur, and he sued the visitor in 2013 later on it appeared to abandon the bargain before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav's Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast nutrient with business past opening a eating house in Clinton, Iowa. Although it sounds yummy, the business really didn't final that long. In fact, it'due south 1 of the shortest examples of business concern failure on the listing — iii months.
The eatery closed its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The ii clashed over operations and money management, leading Flav to decide that fast food really wasn't for him afterward all — at least when information technology came to running a business.
fifty Cent – Magic Stick Condom
Magic Stick was 50 Cent'south attempt at a unique business venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, but he apparently failed to understand the reason behind condoms in the first place. His company'southward condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked nigh his failed business concern venture, and he said, "Information technology just didn't piece of work out because I wanted things in information technology that wouldn't work." P.S.: "Candy Shop" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of humor she shares with her even more awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, equally glory lifestyle websites were at their peak, merely Lively wasn't a big plenty lifestyle figure to attract much interest.
Glory product endorsements are often also expensive for the general public and can too feel imitation, which raises concerns when it comes to trust. The website was abandoned about a year later, and her lifestyle venture was never mentioned again. That'south okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient profit. It belonged to Heidi Montag, a popular reality television receiver character who wanted to be known for more than just her dramatic Boob tube roles. She launched Heidiwood in 2007 in collaboration with Anchor Blueish Retail.
Although the line looked promising, customers didn't actually intendance for the overpriced items, and her contract wasn't renewed the following year. She returned to reality TV and is still a prominent figure in the celebrity gossip world, so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making coin moves. Back in the day, her sister Nicky Hilton wanted to stay true to her family legacy and open a hotel concatenation of her own. Nicky O Hotels was a premier luxury hotel brand, set to launch in Miami and afterward Chicago.
Hilton planned to work with Roberto Cavalli to blueprint a luxurious penthouse suite for the Miami location. Her appetite was to combine the world of amusement with luxury and design. However, the projection failed to see the light of twenty-four hours after a lawsuit against Hilton highlighted an declared breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo'southward high-finish Sweetface habiliment line was all the same another failure in the celebrity style globe. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't exist found for a cheaper cost in a store down the street — according to shoppers' feedback.
Customers complained most high prices also as the quality of the clothes. Negative feedback and poor sales forced Kohl'south to completely stop the line'south production in 2009. Fun fact: Sweetface was J.Lo'south nickname, given to her by her old manager.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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