Trump Were Making America Great Again
Investing in a business to ensure y'all have a stable income seems similar a wise conclusion — until it isn't. Even celebrities who already have a ton of cash tin't exist careless about choosing investments if they want to stay rich. From restaurants to article of clothing lines, the opportunities are plentiful, merely it takes careful planning to avert embarrassing business disasters.
Depending on your age, you probably remember these unforgettable celebrity business organization flops. Call up you can estimate who lost the most? Let's accept a wait!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the buzz was real. She was in her prime years, and it seemed logical she would invest in a unlike type of business organisation. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her divergence from the business concern occurred in the same twelvemonth later on she butted heads with the direction, who claimed she was responsible for the eatery's debt and other financial issues. Fun fact: The restaurant was supposed to exist called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business moguls, but not all their business ventures accept been a success. Have the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business organisation failed a month after its launch when the legality of certain fees raised concerns.
An chaser claimed the loftier fees were unfair and unethical, especially for the Kardashians' largely young adult fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family unit's attorney to take immediate action and terminate the business to protect their reputation.
Kanye Due west – Pastelle Clothing Line
Yeezy has had plenty of fashion 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 brusk, a lot of drama happened, and co-ordinate to reports, the investors didn't desire to invest a sufficient amount of money to go the business off the ground. Kanye himself said you need to invest at least $100 1000000 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 near his business failures. One of those epic failures was a very ambitious 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.
Red carpets, gold and other luxury elements cost Trump $1 1000000 per shipping. Three months later on the launch, 1 of his planes almost crashed. The nearly miss, rising fuel prices and a bank loan of $380 million fabricated Trump decide it was time to leave his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Collection
Information technology 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 name for herself, just not every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration betwixt Hilton and the pop clothing label, and absolutely everyone was buzzing about information technology. The collection basically had Paris' face up and proper noun on almost every article of clothing. Unfortunately, the celebrity didn't final long, and Paris moved on to other business ventures that garnered more entreatment.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the town when she decided to operate a cablevision channel accessible to lxxx 1000000 homes. The Oprah Winfrey Network (Ain) was an ambitious idea, with more than than $500 million invested in the project. Unfortunately, her team failed from the beginning to understand what people responded to and how they watched cable channels. Depression ratings and viewership hit the network hard.
OWN was arguably Oprah'southward biggest failure, but unlike other celebrities on our list, Oprah still hasn't completely given up on her business concern venture. Who knows? Perchance Own is finally on runway to pull itself out of some dark days.
Jennifer Lopez – Madre'southward Eatery
Celebrities take a thing for restaurants, but not all restaurants have a thing for celebs. Madre'southward was inspired by J.Lo'southward mom and grandmother's cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her ain words, she described information technology as "a family restaurant with a little chip of sexiness to it."
It lasted near half dozen years earlier mysteriously endmost its doors in 2008. The Latin American eating house featured some of the culture's most typical dishes, only J.Lo'southward name wasn't plenty to entice the public. No official reason was always given for the decision to close it down, but the supposition is poor performance.
Naomi Campbell & Friends – The Fashion 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 confront of a glamour-themed cafe chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
Information technology had a solid start and good buzz, simply the novelty eventually faded, and information technology failed to brand the necessary profit to stay open. To top it all off, the business organisation 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 skilful.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, but Dive Eatery wasn't one of them. In 1994, he decided to open up a nautical-themed restaurant in Beverly Hills. The place was filled with impressive dive-themed decor and fifty-fifty featured a fake diving session feel.
That nevertheless wasn't enough to charm the demanding Beverly Hills oversupply, and the novelty of it started to wear off, resulting in dismal trade sales, which were a huge selling betoken for the business. In 1999, the eating house officially shut its doors and became a learning lesson for what not to practice in the niche of themed restaurants.
Blob Hogan – Pastamania Restaurant
When Hulkmania was at its elevation, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating feel. Who wouldn't want to be strong and tough like Hulk Hogan, right? Although it definitely seemed like a solid business investment idea dorsum in 1995, it didn't piece of work out in the end.
The carte du jour wasn't that unlike from your standard pasta restaurant menu, apart from the fact that it was branded past everyone'south favorite wrestling guy. The eatery close its doors almost a year 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 but Trump business venture that failed to turn a profit dorsum in the day. With his focus on real estate, it's not surprising he tried to dip into the mortgage concern. The success of this venture was very short lived.
Nearly of the Trump Mortgage failure came down to poor timing, as the 2006 recession struck, and the mortgage lending industry began to crumble with the market crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially closed downwardly after failing 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 it was time to open up a nightclub. Wentz claimed he merely wanted a identify for him and his friends to hang out. Later, the club launched in several other locations, including Chicago.
The hype of the glory-owned nightclub died down afterward information technology was reported that the New York location got caught serving booze to minors and had to shut downwards in 2012. A few years later, they also airtight the Chicago location — and that was the end of the Autumn Out Male child nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and likewise thought he could brand a name for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business organization with some pretty questionable characters whose reputation wasn't pristine among those in the bank loan earth.
The restaurant was beginning called Chicago Stadium, but the owners of the Chicago Stadium rapidly sued McMahon and his other business partners. Co-ordinate to reports, the restaurant participated in some shady business practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — retrieve her part as a guest judge on season 4 of MasterChef? In 2008, she backed a Los Angeles eating place chosen Beso. The place was a hot spot for quite some time earlier closing its doors in 2011 amid a ton of drama.
The business filed for bankruptcy in order to restructure $5.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new buying (without Longoria) and with a new proper name, Viva Hollywood, but that restaurant eventually closed as well.
Jay-Z – J-Hotels
The world's starting time billionaire rapper is no stranger to successful business ventures, but the thought that "the sky is the limit" definitely doesn't employ here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan'southward Chelsea expanse, merely 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 hold in 2008. It looks like it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Permit'southward take a interruption from restaurants and hotels for a while and become to 2008, which really seemed to be a prime number fourth dimension for celebrity business 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 demand to invest in something she believes in, and she felt a shoe line was definitely the fashion to become. Unfortunately, the high cost of the shoes didn't exactly appeal to consumers — non even diehard vegans — and the shoe line's website disappeared by the finish 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 summit of his game. In 2005, he decided to try other business organisation ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of loftier-quality dishes that were also considered salubrious. Although it seemed like a decent thought and the cafe had large expansion dreams, the success didn't last. Three years later, Buffet Dupri had to close its doors afterward struggling to brand plenty turn a profit.
Beyonce – House of Deréon
That'south right — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, House of Deréon was a style line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce'due south maternal grandmother.
The way mixed the influences of hip hop with high fashion, and although information technology seemed like it was taking off at beginning, it was ultimately criticized for its high prices. In 2008, the line also came under burn down for its advert with piffling girls wearing full makeup and loftier heels. The star discontinued the line in 2012 without formal detect.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the fashion world. The eccentric singer is known for her fashion sense, so information technology seemed only fair to run across if the residue of the world (or at to the lowest degree London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing store, with her sister in 2010.
The store'south location was one of the reasons for its failure — London'due south Covent Garden. High real estate prices forced the company to move to a somewhat cheaper belongings in Soho, simply information technology wasn't enough to save the business, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a adequately modern business venture launched past Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $6.2 1000000. The device was advertised every bit a modern-mean solar day iPod with how-do-you-do-resolution music service, just it was criticized for its poor design and loftier price 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 hullo-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 awareness and boasted more than than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the make. The initial hype of eating among popular moving-picture show props attracted endorsements from some of the biggest Hollywood names, but information technology wasn't all sunshine and rainbows.
The concern 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 turn a profit. This prompted investors similar Arnold Schwarzenegger to move on and cut ties with the business organisation. Planet Hollywood is nevertheless 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 too. In 1997, he dabbled in the food industry in an endeavour to brand more than money, of course. The theme of The Clubhouse was golf, and different many other celebrity restaurants, it managed to concluding a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the sectional wait and way of a golf clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was closing at the time. The business began to neglect in 2007.
Brusk Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a dissimilar vision than most sports celebrities. The old Cerise Sox bullpen wanted to endeavour something new, so he launched a video game business concern in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an action role-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 afterward only releasing a single game. Despite the concern' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had large visions and a good ear for music, but in 2011, the popular producer ventured into the globe 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 information technology appeared to abandon the deal before the contract was over. The drinkable wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavour Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his honey of fast food with business by opening a restaurant in Clinton, Iowa. Although information technology sounds yummy, the business really didn't last that long. In fact, information technology's one of the shortest examples of business failure on the list — three months.
The restaurant airtight its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and coin management, leading Flav to determine that fast nutrient really wasn't for him after all — at least when information technology came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was fifty Cent's endeavor at a unique business organisation venture — in condoms. Yep, you read that right. In 2008, the rapper created a line of condoms, just he apparently failed to understand the reason backside condoms in the first place. His visitor's condoms were laced with chemicals designed to increase the wearer'due south sexual performance.
The rapper was asked about his failed business organization venture, and he said, "It just didn't work out considering I wanted things in information technology that wouldn't work." P.Due south.: "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 fifty-fifty more awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as glory lifestyle websites were at their peak, simply Lively wasn't a big enough lifestyle figure to attract much interest.
Celebrity production endorsements are often too expensive for the general public and can besides feel faux, which raises concerns when it comes to trust. The website was abandoned most a twelvemonth later, and her lifestyle venture was never mentioned once again. That's okay, she'south however owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a manner line that failed to connect with its customers and brand sufficient profit. Information technology belonged to Heidi Montag, a pop reality television grapheme who wanted to be known for more than but her dramatic Goggle box roles. She launched Heidiwood in 2007 in collaboration with Anchor Blueish Retail.
Although the line looked promising, customers didn't really care for the overpriced items, and her contract wasn't renewed the post-obit year. She returned to reality TV and is however a prominent figure in the celebrity gossip world, and then she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the simply Hilton making money moves. Back in the day, her sister Nicky Hilton wanted to stay truthful to her family legacy and open a hotel concatenation of her ain. Nicky O Hotels was a premier luxury hotel make, set to launch in Miami and later 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 entertainment with luxury and design. Even so, the project failed to see the light of twenty-four hours afterwards a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list over again, J.Lo'southward loftier-end Sweetface clothing line was nonetheless some other failure in the celebrity fashion globe. Attempting to combine urban streetwear with modern fashion, the line failed to deliver annihilation unique that couldn't be found for a cheaper toll in a store down the street — according to shoppers' feedback.
Customers complained nearly loftier prices as well as the quality of the clothes. Negative feedback and poor sales forced Kohl'south to completely terminate the line'south production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her onetime 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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