Donald Trump Wearing Make America Great Again T Shirt
Investing in a business organization to ensure yous accept a stable income seems like a wise determination — until information technology isn't. Fifty-fifty celebrities who already take a ton of cash tin't exist careless about choosing investments if they desire to stay rich. From restaurants to wear lines, the opportunities are plentiful, but information technology takes careful planning to avoid embarrassing business disasters.
Depending on your age, you probably remember these unforgettable celebrity business flops. Think you lot can guess who lost the about? Allow'south take a await!
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 different type of business concern. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her difference from the concern occurred in the same yr subsequently she butted heads with the management, who claimed she was responsible for the eatery's debt and other financial issues. 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 moguls, but not all their concern ventures have 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 failed a month after its launch when the legality of certain fees raised concerns.
An attorney claimed the loftier fees were unfair and unethical, particularly for the Kardashians' largely young adult fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to accept firsthand action and stop the business to protect their reputation.
Kanye Due west – Pastelle Clothing Line
Yeezy has had plenty of way debuts during his career, and not 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 wearable line in collaboration with Adidas.
In short, a lot of drama happened, and co-ordinate to reports, the investors didn't desire to invest a sufficient amount of money to get the business concern off the ground. Kanye himself said you need to invest at to the lowest degree $100 million when you're making a new brand, 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. One of those epic 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.
Blood-red carpets, gold and other luxury elements cost Trump $1 million per aircraft. Three months subsequently the launch, one of his planes almost crashed. The about miss, rise fuel prices and a bank loan of $380 meg made Trump decide it was fourth dimension to exit his aviation dreams backside and try something else.
Paris Hilton – Dollhouse Collection
It has been proven enough of times that Paris Hilton knows what she's doing when it comes to business organization. The Hilton heir has made quite a proper name for herself, but not every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular clothing characterization, and absolutely everyone was buzzing most it. The collection basically had Paris' face and proper noun on almost every article of habiliment. Unfortunately, the celebrity didn't concluding long, and Paris moved on to other concern ventures that garnered more than appeal.
Oprah Winfrey – Ain
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 aggressive idea, with more than than $500 meg invested in the project. Unfortunately, her squad failed from the beginning to understand what people responded to and how they watched cable channels. Low ratings and viewership striking the network hard.
OWN was arguably Oprah's biggest failure, but unlike other celebrities on our list, Oprah withal hasn't completely given up on her business venture. Who knows? Maybe OWN is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre'due south Restaurant
Celebrities have a thing for restaurants, just not all restaurants accept a matter for celebs. Madre'due south was inspired past 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 equally "a family restaurant with a little fleck of sexiness to it."
Information technology lasted most 6 years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's most typical dishes, but J.Lo'south proper noun wasn't enough to entice the public. No official reason was ever given for the decision to close it downwardly, just the assumption is poor performance.
Naomi Campbell & Friends – The Mode Buffet
In her prime (mid-1990s), Naomi Campbell decided information technology was fourth dimension to relish some passive income in the form of business concern ventures. In 1995, she became the confront of a glamour-themed cafe concatenation called Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and good fizz, but the novelty eventually faded, and it failed to make the necessary turn a profit to stay open up. To top it all off, the business partners got involved in a money laundering scandal, making it clear that information technology was improve for this buffet chain to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg's listen seems to overflow with amazing ideas, but Dive Restaurant wasn't one of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The place was filled with impressive dive-themed decor and even featured a simulated diving session experience.
That still wasn't enough to charm the demanding 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. In 1999, the eatery officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Eatery
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 Blob Hogan, correct? Although it definitely seemed like a solid business investment idea dorsum in 1995, it didn't work out in the end.
The menu wasn't that different from your standard pasta eating place carte du jour, apart from the fact that it was branded by everyone'south favorite wrestling guy. The restaurant shut its doors most a year later, assuasive the Pastamania name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the merely Trump business concern venture that failed to turn a turn a profit dorsum in the day. With his focus on real manor, it's not surprising he tried to dip into the mortgage business. The success of this venture was very curt lived.
Most 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'southward background. In 2007, Trump Mortgage officially closed down later failing to thrive in the struggling market.
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 a nightclub. Wentz claimed he just 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 glory-endemic nightclub died down later information technology was reported that the New York location got caught serving alcohol to minors and had to close downwards in 2012. A few years later, they likewise closed the Chicago location — and that was the end of the Fall Out Male child nightclub.
Jim McMahon – McMahon'south Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and besides thought he could make a name for himself past 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 eating place was first called Chicago Stadium, only the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the eating house participated in some shady business practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Eating house and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her office as a guest guess on season four of MasterChef? In 2008, she backed a Los Angeles eatery called Beso. The identify was a hot spot for quite some time before endmost its doors in 2011 among a ton of drama.
The concern filed for bankruptcy in order 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 proper noun, Viva Hollywood, only that restaurant eventually airtight too.
Jay-Z – J-Hotels
The globe'south first billionaire rapper is no stranger to successful business organization ventures, just the idea that "the sky is the limit" definitely doesn't employ hither. 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 fabricated 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
Let's take a break from restaurants and hotels for a while and get to 2008, which actually seemed to be a prime number time for celebrity concern investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
As 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 go. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — non even diehard vegans — and the shoe line's website disappeared past 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 endeavor other business ventures and invested in a big café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were likewise considered salubrious. Although it seemed like a decent idea and the buffet had big expansion dreams, the success didn't concluding. Three years afterwards, Cafe Dupri had to close its doors later on struggling to make enough profit.
Beyonce – House of Deréon
That'southward correct — Queen B has experienced many failures forth with her success. Sounding like a firm out of Game of Thrones, House of Deréon was a fashion line Beyonce collaborated with her female parent, Tina Knowles, to create in 2006. The name paid tribute to Beyonce'due south maternal grandmother.
The style mixed the influences of hip hop with high fashion, and although it seemed like information technology was taking off at commencement, it was ultimately criticized for its high prices. In 2008, the line also came under fire for its advertising with niggling girls wearing full makeup and loftier heels. The star discontinued the line in 2012 without formal discover.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the mode world. The eccentric vocalizer is known for her way sense, and then it seemed just fair to run into if the rest of the world (or at to the lowest degree London) would catch on to her look. She opened Lucy in Disguise, a vintage wearable shop, with her sister in 2010.
The shop's location was one of the reasons for its failure — London'southward Covent Garden. High real estate prices forced the company to motion to a somewhat cheaper belongings in Soho, but it wasn't enough to save the business, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Young in 2014. Information technology was really successfully crowdfunded via the popular platform Kickstarter, where it raised $vi.2 meg. The device was advertised as a modern-twenty-four hour period iPod with howdy-resolution music service, but it was criticized for its poor blueprint and high price tag ($400).
Iii years after, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging too much for hi-res music formats, and the business 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 awareness and boasted more than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the make. The initial hype of eating among pop film props attracted endorsements from some of the biggest Hollywood names, simply it 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 information technology could financially sustain itself and make a profit. This prompted investors like Arnold Schwarzenegger to move on and cut ties with the concern. Planet Hollywood is still effectually but with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely pop investments for celebrities, and Kevin Costner was in on the idea too. In 1997, he dabbled in the food industry in an endeavour to make more money, of course. The theme of The Clubhouse was golf game, and unlike many other celebrity restaurants, it managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive await 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 fourth dimension. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique concern venture for its fourth dimension, 38 Studios was the brainchild of Curt Schilling, who had a unlike vision than most sports celebrities. The former Red Sox pitcher wanted to try something new, so he launched a video game business in 2006. Unfortunately, game development takes years, and that was difficult to sell to investors.
The visitor released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company alleged bankruptcy in 2012 subsequently 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 always had big 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 insufficient 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 beverage wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavour Flav'due south Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast food with business past opening a eating place in Clinton, Iowa. Although it sounds yummy, the business really didn't final that long. In fact, it's one of the shortest examples of concern failure on the listing — three months.
The restaurant closed its doors due to a fallout between Season Flav and his concern partner, Nick Cimino. The two clashed over operations and money management, leading Flav to decide that fast food really wasn't for him after all — at least when information technology came to running a concern.
l Cent – Magic Stick Safety
Magic Stick was 50 Cent'due south try at a unique concern 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 identify. His company's condoms were laced with chemicals designed to increase the wearer'south sexual functioning.
The rapper was asked about his failed business venture, and he said, "It just didn't piece of work out because I wanted things in information technology that wouldn't work." P.Due south.: "Processed Shop" lyrics were written mode earlier the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of sense of humour she shares with her fifty-fifty more than awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, but Lively wasn't a large enough lifestyle figure to concenter much interest.
Glory product endorsements are often besides expensive for the general public and can likewise feel false, which raises concerns when information technology comes to trust. The website was abased most a yr later, and her lifestyle venture was never mentioned over again. That's okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a manner line that failed to connect with its customers and make sufficient profit. It belonged to Heidi Montag, a popular reality television character who wanted to be known for more merely her dramatic Boob tube roles. She launched Heidiwood in 2007 in collaboration with Anchor Bluish Retail.
Although the line looked promising, customers didn't really intendance for the overpriced items, and her contract wasn't renewed the following year. She returned to reality Goggle box and is still a prominent figure in the celebrity gossip world, so she bounced dorsum 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 ain. Nicky O Hotels was a premier luxury hotel brand, set to launch in Miami and later Chicago.
Hilton planned to work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of entertainment with luxury and design. However, the project failed to see the light of day after a lawsuit against Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list once more, J.Lo'south high-finish Sweetface clothing line was notwithstanding some other failure in the celebrity fashion world. Attempting to combine urban streetwear with modern manner, the line failed to deliver anything unique that couldn't exist found for a cheaper price in a store downward the street — according to shoppers' feedback.
Customers complained about high prices every bit well as the quality of the dress. Negative feedback and poor sales forced Kohl'due south to completely cease the line'southward production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her one-time 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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