Donald Trump Wearing Make America Great Again
Investing in a concern to ensure y'all have a stable income seems similar a wise decision — until it isn't. Even celebrities who already have a ton of cash can't be careless nearly choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, but it takes careful planning to avoid embarrassing business concern disasters.
Depending on your age, y'all probably remember these unforgettable celebrity business flops. Think you can estimate who lost the about? Let'due south take a look!
Britney Spears – Nyla Eating house
When Britney Spears opened Nyla Eating house in 2002, the fizz was real. She was in her prime years, and information technology 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 afterwards she butted heads with the direction, who claimed she was responsible for the restaurant's debt and other fiscal bug. Fun fact: The restaurant 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 organization moguls, just 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 card featuring the sisters' faces on the front. The business failed a month later its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, particularly for the Kardashians' largely young adult fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to take immediate activity and end the business to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of way debuts during his career, and non all of them accept 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 article of clothing line in collaboration with Adidas.
In short, a lot of drama happened, and according to reports, the investors didn't want to invest a sufficient amount of money to get the business off the basis. Kanye himself said you need to invest at least $100 million when you're making a new brand, and information technology 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 ain branded airline shuttle. The luxury shuttle service was supposed to run between Washington D.C., Boston and New York.
Ruddy carpets, gold and other luxury elements price Trump $1 million per shipping. Three months after the launch, ane of his planes about crashed. The nigh miss, rising fuel prices and a bank loan of $380 million made Trump decide it was time to go out his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Drove
It has been proven enough of times that Paris Hilton knows what she'south doing when it comes to business. The Hilton heir has fabricated quite a name for herself, but not every idea resulted in greenbacks in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular vesture label, and absolutely everyone was buzzing about it. The collection basically had Paris' face up and proper noun on near every 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 boondocks when she decided to operate a cablevision channel accessible to 80 million homes. The Oprah Winfrey Network (Own) was an aggressive idea, with more than $500 1000000 invested in the project. Unfortunately, her team failed from the beginning to understand what people responded to and how they watched cablevision channels. Depression ratings and viewership striking the network hard.
Ain was arguably Oprah'southward biggest failure, simply unlike other celebrities on our list, Oprah still hasn't completely given up on her business venture. Who knows? Maybe OWN is finally on rail to pull itself out of some night days.
Jennifer Lopez – Madre's Restaurant
Celebrities take a thing for restaurants, but not all restaurants accept a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother's cooking, and information technology started its bumpy journey in 2002 in Pasadena, California. In her own words, she described it as "a family restaurant with a petty bit of sexiness to it."
It lasted about six years before mysteriously closing its doors in 2008. The Latin American eating place featured some of the civilization's most typical dishes, but J.Lo's proper noun wasn't plenty to entice the public. No official reason was ever given for the decision to close it down, simply the assumption is poor functioning.
Naomi Campbell & Friends – The Style Cafe
In her prime (mid-1990s), Naomi Campbell decided it was fourth dimension to enjoy some passive income in the form of business organisation ventures. In 1995, she became the face of a glamour-themed buffet chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and adept buzz, but the novelty eventually faded, and it failed to make the necessary turn a profit to stay open. To top it all off, the business partners got involved in a money laundering scandal, making it clear that it was improve for this cafe chain to close its doors for good.
Steven Spielberg – Dive Eating place
Steven Spielberg's listen seems to overflow with amazing ideas, only Swoop Restaurant wasn't one of them. In 1994, he decided to open up a nautical-themed eating house in Beverly Hills. The place was filled with impressive dive-themed decor and even featured a false diving session feel.
That still wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of it started to clothing off, resulting in dismal merchandise sales, which were a huge selling indicate for the business organisation. 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 height, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Blob eating feel. Who wouldn't want to be strong and tough like Hulk Hogan, right? Although it definitely seemed similar a solid concern investment idea back in 1995, it didn't work out in the end.
The menu wasn't that dissimilar from your standard pasta restaurant carte du jour, apart from the fact that it was branded by everyone's favorite wrestling guy. The restaurant close its doors about a yr later, assuasive the Pastamania proper name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to profit back in the day. With his focus on real estate, it's non surprising he tried to dip into the mortgage business concern. The success of this venture was very brusk 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'due south background. In 2007, Trump Mortgage officially closed down afterwards declining to thrive in the struggling marketplace.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Boy, and several other musicians decided information technology was time to open a nightclub. Wentz claimed he simply wanted a place for him and his friends to hang out. Later, the club launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died down after it was reported that the New York location got caught serving alcohol to minors and had to shut down in 2012. A few years later, they also airtight the Chicago location — and that was the cease of the Fall Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Acquit Jim McMahon made a proper noun for himself in the NFL in the '90s and likewise thought he could make a name for himself by investing in a eatery — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine amongst those in the banking company loan world.
The eatery was starting time called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business concern partners. According to reports, the restaurant participated in some shady concern practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her part as 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 endmost its doors in 2011 among a ton of drama.
The business organisation filed for bankruptcy in guild to restructure $v.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, only that eating place eventually airtight besides.
Jay-Z – J-Hotels
The earth's first billionaire rapper is no stranger to successful business ventures, but the thought that "the heaven 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 expanse, but lack of funding and a recession halted the construction.
The recession going on at the time basically made it harder to get the funding needed, and the whole business project was put on agree in 2008. It looks like it never resumed, probably considering Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Allow's take a break from restaurants and hotels for a while and become to 2008, which really seemed to be a prime number fourth dimension for celebrity concern investments and hotels. Natalie Portman was alee 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 manner to become. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line'southward 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 top of his game. In 2005, he decided to try other business ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were also considered healthy. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. Three years later, Cafe Dupri had to shut its doors subsequently struggling to make enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, Business firm of Deréon was a fashion line Beyonce collaborated with her female parent, Tina Knowles, to create in 2006. The name paid tribute to Beyonce's maternal grandmother.
The style mixed the influences of hip hop with high fashion, and although it seemed like it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under burn down for its advertizement with little girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the fashion globe. The eccentric singer is known for her way sense, so it seemed only off-white to see if the rest of the world (or at least London) would catch on to her expect. She opened Lucy in Disguise, a vintage clothing store, with her sister in 2010.
The store's location was 1 of the reasons for its failure — London's Covent Garden. High real estate prices forced the company to move to a somewhat cheaper property in Soho, merely it wasn't enough to salvage the business, and information technology ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where information technology raised $vi.two million. The device was advertised every bit a modern-24-hour interval iPod with hi-resolution music service, just it was criticized for its poor design and high cost tag ($400).
Three years later, Neil Young ceased operations and airtight the PonoMusic store, which sold downloadable music. The reason? Record companies were charging too much for hello-res music formats, and the business couldn't make a turn 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 amidst popular movie props attracted endorsements from some of the biggest Hollywood names, but it wasn't all sunshine and rainbows.
The concern filed for defalcation twice and reduced its number of restaurants to less than a dozen to ensure information technology could financially sustain itself and make a profit. This prompted investors like Arnold Schwarzenegger to motion on and cut ties with the business. Planet Hollywood is still around only 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 besides. In 1997, he dabbled in the food industry in an attempt to brand more money, of form. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, information technology managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the sectional expect and way of a golf clubhouse that was open to the public. Ironically, it opened right beyond from Planet Hollywood, which was closing at the time. The business began to fail in 2007.
Brusk Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Brusque Schilling, who had a different vision than most sports celebrities. The former Ruby Sox pitcher wanted to try something new, so he launched a video game business in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an action function-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 after merely releasing a single game. Despite the business' failure, the game was pretty well received past the gaming customs.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had big visions and a good ear for music, simply in 2011, the popular producer ventured into the world 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 bereft marketing efforts to launch the liqueur, and he sued the company in 2013 after it appeared to abandon the deal before the contract was over. The potable wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavour Flav? In 2011, the pop rapper decided to combine his love of fast food with business past opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business actually didn't terminal that long. In fact, information technology's one of the shortest examples of business failure on the listing — 3 months.
The restaurant closed its doors due to a fallout betwixt Flavour Flav and his business partner, Nick Cimino. The 2 clashed over operations and money direction, leading Flav to make up one's mind that fast nutrient actually wasn't for him subsequently all — at least when information technology came to running a business.
l Cent – Magic Stick Condom
Magic Stick was 50 Cent'due south effort at a unique business venture — in condoms. Aye, you read that right. In 2008, the rapper created a line of condoms, but he plainly failed to sympathize the reason behind condoms in the kickoff place. His company'due south condoms were laced with chemicals designed to increase the wearer's sexual functioning.
The rapper was asked most his failed business concern venture, and he said, "It just didn't work out considering I wanted things in information technology that wouldn't work." P.S.: "Processed 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, as glory lifestyle websites were at their peak, merely Lively wasn't a big enough lifestyle figure to concenter much interest.
Celebrity production endorsements are ofttimes too expensive for the general public and tin also feel fake, which raises concerns when information technology comes to trust. The website was abandoned about a twelvemonth afterward, and her lifestyle venture was never mentioned once more. That's okay, she'south still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and make sufficient turn a profit. It belonged to Heidi Montag, a popular reality tv character who wanted to be known for more than than only her dramatic Tv set roles. She launched Heidiwood in 2007 in collaboration with Anchor Blue Retail.
Although the line looked promising, customers didn't really treat the overpriced items, and her contract wasn't renewed the following year. She returned to reality Telly and is withal a prominent figure in the celebrity gossip world, and so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making coin moves. Dorsum in the mean solar day, her sister Nicky Hilton wanted to stay truthful to her family legacy and open a hotel chain of her ain. Nicky O Hotels was a premier luxury hotel brand, prepare to launch in Miami and afterward Chicago.
Hilton planned to work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her appetite was to combine the earth of entertainment with luxury and design. However, the projection failed to run into the calorie-free of 24-hour interval after a lawsuit against Hilton highlighted an declared alienation of contract.
Jennifer Lopez – Sweetface
Making the list once again, J.Lo's high-end Sweetface article of clothing line was yet another failure in the celebrity fashion globe. Attempting to combine urban streetwear with modern manner, the line failed to deliver anything unique that couldn't be institute for a cheaper cost in a store downwardly 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'due south to completely stop the line's production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her past her onetime manager.
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Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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