Donald Trump Make Christmas Great Again
Investing in a business organisation to ensure you have a stable income seems like a wise decision — until it isn't. Even celebrities who already accept a ton of cash can't exist careless most 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 disasters.
Depending on your age, you probably remember these unforgettable celebrity business flops. Think you can guess who lost the most? Permit'southward accept a look!
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. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her departure from the business occurred in the same twelvemonth later on she butted heads with the direction, who claimed she was responsible for the eatery'south debt and other fiscal bug. Fun fact: The eatery was supposed to exist called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians are definitely business moguls, simply not all their business ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit carte featuring the sisters' faces on the front end. The business failed a month after its launch when the legality of sure fees raised concerns.
An attorney 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's attorney to take immediate activeness and terminate the concern to protect their reputation.
Kanye West – Pastelle Vesture Line
Yeezy has had enough 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 clothing line in collaboration with Adidas.
In brusk, 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 organization off the basis. Kanye himself said you demand to invest at least $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, just not many people know about his business failures. One of those epic failures was a very ambitious airline. Dorsum 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 $i million per shipping. Three months after the launch, ane of his planes most crashed. The near miss, ascent fuel prices and a banking company loan of $380 one thousand thousand made Trump decide it was time to go out his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven enough of times that Paris Hilton knows what she'due south doing when it comes to business concern. The Hilton heir has made quite a name for herself, but not every idea resulted in greenbacks in the banking concern. In 2008, Paris Hilton for Dollhouse was released.
Information technology was a collaboration betwixt Hilton and the popular clothing label, and absolutely everyone was buzzing about it. The collection basically had Paris' confront and proper name on almost every article of wearable. Unfortunately, the glory didn't concluding long, and Paris moved on to other business organisation ventures that garnered more appeal.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the boondocks when she decided to operate a cable channel accessible to lxxx meg homes. The Oprah Winfrey Network (OWN) was an aggressive 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. Low ratings and viewership hit the network hard.
Own was arguably Oprah'due south biggest failure, just unlike other celebrities on our listing, Oprah still hasn't completely given up on her concern venture. Who knows? Maybe Ain is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre'south Eating place
Celebrities have a matter for restaurants, simply not all restaurants have a thing for celebs. Madre'due south was inspired by J.Lo'due south mom and grandmother's cooking, and information technology started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described it every bit "a family eatery with a lilliputian bit of sexiness to it."
It lasted about 6 years before mysteriously closing its doors in 2008. The Latin American eatery featured some of the culture's most typical dishes, but J.Lo's proper noun wasn't enough to entice the public. No official reason was always given for the conclusion to shut it down, only 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 course of business organization ventures. In 1995, she became the face of a glamour-themed cafe concatenation called Manner Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and good fizz, only the novelty eventually faded, and it failed to brand the necessary profit to stay open. To top it all off, the business partners got involved in a money laundering scandal, making information technology clear that it was ameliorate for this cafe chain to close its doors for adept.
Steven Spielberg – Dive Restaurant
Steven Spielberg'due south mind seems to overflow with amazing ideas, but Dive Restaurant wasn't i of them. In 1994, he decided to open a nautical-themed eatery in Beverly Hills. The place was filled with impressive dive-themed decor and fifty-fifty featured a simulated diving session experience.
That all the same wasn't enough to charm the enervating Beverly Hills crowd, and the novelty of it started to article of clothing off, resulting in dismal trade sales, which were a huge selling point for the business. In 1999, the restaurant 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 peak, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Blob eating experience. Who wouldn't want to be potent and tough like Hulk Hogan, right? Although it definitely seemed like a solid business concern investment idea back in 1995, it didn't work out in the end.
The menu wasn't that different from your standard pasta restaurant bill of fare, apart from the fact that it was branded by everyone's favorite wrestling guy. The eating house close its doors about a year later, allowing the Pastamania name to exist used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the but Trump business organisation venture that failed to turn a turn a profit back in the 24-hour interval. With his focus on real estate, it'due south not surprising he tried to dip into the mortgage business. The success of this venture was very brusque lived.
Near 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 groundwork. In 2007, Trump Mortgage officially airtight down after failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a pop fellow member of Fall Out Boy, and several other musicians decided information technology was time to open a nightclub. Wentz claimed he just wanted a identify for him and his friends to hang out. Afterwards, 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 booze to minors and had to shut downwards in 2012. A few years later, they also closed the Chicago location — and that was the end of the Autumn Out Male child nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Carry Jim McMahon made a proper noun for himself in the NFL in the '90s and also thought he could make a proper name for himself past 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 world.
The restaurant was first called Chicago Stadium, but the owners of the Chicago Stadium chop-chop sued McMahon and his other business partners. Co-ordinate to reports, the restaurant participated in some shady business concern practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Eating place and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role every bit a invitee judge on flavour 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time before endmost 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 ownership (without Longoria) and with a new name, Viva Hollywood, but that restaurant eventually closed as well.
Jay-Z – J-Hotels
The world'due south first billionaire rapper is no stranger to successful business ventures, but the idea that "the heaven is the limit" definitely doesn't utilise 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, only 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
Let'south accept a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime time for celebrity business concern investments and hotels. Natalie Portman was alee of her time when she collaborated with Té Casan to create a vegan shoe line.
As a long-term vegan, she felt the demand to invest in something she believes in, and she felt a shoe line was definitely the style to get. Unfortunately, the high toll of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line'south 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 superlative of his game. In 2005, he decided to try other business organization ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were besides considered healthy. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. 3 years later, Cafe Dupri had to close its doors afterwards struggling to make enough profit.
Beyonce – House of Deréon
That'due south correct — Queen B has experienced many failures along with her success. Sounding like a firm out of Game of Thrones, House of Deréon was a manner line Beyonce collaborated with her mother, 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 manner, and although it seemed like it was taking off at first, it was ultimately criticized for its loftier prices. In 2008, the line also came under fire for its ad with little girls wearing total makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen also tried to fiddle in the mode earth. The eccentric vocaliser is known for her mode sense, so information technology seemed only fair to see if the remainder of the earth (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing store, with her sis in 2010.
The store'due south location was one of the reasons for its failure — London'south Covent Garden. Loftier real estate prices forced the visitor to motion to a somewhat cheaper holding in Soho, just it wasn't plenty 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. It was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $vi.2 million. The device was advertised every bit a modern-day iPod with hi-resolution music service, only it was criticized for its poor design and high cost tag ($400).
Three years later, Neil Immature ceased operations and airtight the PonoMusic store, which sold downloadable music. The reason? Record companies were charging too much for hi-res music formats, and the business organisation couldn't make 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 brand. The initial hype of eating among popular movie props attracted endorsements from some of the biggest Hollywood names, merely 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 it could financially sustain itself and make a profit. This prompted investors like Arnold Schwarzenegger to move on and cutting ties with the business organisation. Planet Hollywood is still effectually simply 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 thought too. In 1997, he dabbled in the food industry in an endeavor to brand more than money, of course. The theme of The Clubhouse was golf game, and unlike many other celebrity restaurants, information technology managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive await and style of a golf game clubhouse that was open to the public. Ironically, it opened correct beyond from Planet Hollywood, which was endmost at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business organisation venture for its fourth dimension, 38 Studios was the brainchild of Brusque Schilling, who had a dissimilar vision than most sports celebrities. The former Red Sox bullpen wanted to endeavour something new, so he launched a video game business in 2006. Unfortunately, game evolution 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 company declared bankruptcy in 2012 later on simply 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, but 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 insufficient marketing efforts to launch the liqueur, and he sued the visitor in 2013 later it appeared to abandon the deal before the contract was over. The potable wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav'south Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his dearest of fast nutrient with business by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business organisation really didn't last that long. In fact, it'south 1 of the shortest examples of business failure on the list — 3 months.
The restaurant closed its doors due to a fallout between Flavour Flav and his business partner, Nick Cimino. The two clashed over operations and money direction, leading Flav to decide that fast food really wasn't for him subsequently all — at least when information technology came to running a business.
l Cent – Magic Stick Rubber
Magic Stick was 50 Cent's attempt at a unique business venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, only he evidently failed to empathize the reason behind condoms in the first place. His company's condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked about his failed business organization venture, and he said, "It just didn't work out because I wanted things in it that wouldn't work." P.South.: "Processed Store" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of humour she shares with her even more awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as glory lifestyle websites were at their height, but Lively wasn't a large enough lifestyle figure to attract much involvement.
Celebrity product endorsements are oftentimes too expensive for the full general public and tin can also experience fake, which raises concerns when it comes to trust. The website was abandoned near a twelvemonth later, and her lifestyle venture was never mentioned again. That's okay, she'southward still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a mode line that failed to connect with its customers and make sufficient profit. It belonged to Heidi Montag, a popular reality television set character who wanted to be known for more than just her dramatic Idiot box roles. She launched Heidiwood in 2007 in collaboration with Ballast Blue Retail.
Although the line looked promising, customers didn't really treat the overpriced items, and her contract wasn't renewed the post-obit year. She returned to reality Tv set and is however 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 money moves. Back in the day, her sister Nicky Hilton wanted to stay true to her family legacy and open a hotel chain 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 pattern a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of entertainment with luxury and design. Even so, the project failed to see the lite of twenty-four hour period after a lawsuit confronting Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the listing again, J.Lo'southward high-end Sweetface wearable line was even so another failure in the celebrity mode world. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't be constitute for a cheaper cost in a store downwards the street — according to shoppers' feedback.
Customers complained about high prices too as the quality of the dress. Negative feedback and poor sales forced Kohl's to completely terminate the line's production in 2009. Fun fact: Sweetface was J.Lo's 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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