A Article on How Donald Trump Is Going to Make America Great Again
Investing in a business to ensure y'all have a stable income seems like a wise decision — until it isn't. Fifty-fifty celebrities who already accept a ton of cash can't be careless about 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 recollect these unforgettable celebrity business flops. Think you can estimate who lost the most? Allow'south take a await!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eatery in 2002, the buzz was real. She was in her prime number years, and information technology seemed logical she would invest in a dissimilar 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 eating house'due south debt and other fiscal bug. Fun fact: The eating place 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, merely not all their business organization ventures have been a success. Accept the Kardashian Kard, for case. In 2010, the Kardashians appear a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business failed a calendar 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 annotation of the "Kardashian Kard ripoff," which prompted the Kardashian family unit's attorney to have immediate activity and stop the business concern to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Earlier his other manner lines, at that place was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle clothing 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 become the business off the ground. Kanye himself said you need to invest at least $100 1000000 when you're making a new make, and information technology conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known man of affairs, but not many people know about his business organisation failures. One of those epic failures was a very ambitious 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.
Red carpets, gold and other luxury elements cost Trump $i million per aircraft. Iii months after the launch, one of his planes nearly crashed. The nearly miss, rising fuel prices and a bank loan of $380 million made Trump decide it was time to get out his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Drove
It has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business. The Hilton heir has fabricated quite a proper name for herself, just not every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
Information technology was a collaboration between Hilton and the popular clothing label, and absolutely everyone was buzzing about it. The collection basically had Paris' face up and name on most every article of vesture. Unfortunately, the glory didn't terminal long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the town when she decided to operate a cablevision channel accessible to 80 million homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more $500 million invested in the project. Unfortunately, her team failed from the beginning to sympathise what people responded to and how they watched cablevision channels. Depression ratings and viewership hit the network difficult.
OWN was arguably Oprah's biggest failure, but dissimilar other celebrities on our list, Oprah still hasn't completely given up on her business concern venture. Who knows? Possibly OWN is finally on rails to pull itself out of some night days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, but not all restaurants have a affair for celebs. Madre's was inspired by J.Lo's mom and grandmother's cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her ain words, she described it as "a family unit restaurant with a little bit of sexiness to information technology."
It lasted most 6 years before mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture's nigh typical dishes, but J.Lo's name wasn't enough to entice the public. No official reason was always given for the decision to close it downward, but the assumption is poor operation.
Naomi Campbell & Friends – The Style Cafe
In her prime number (mid-1990s), Naomi Campbell decided information technology was time to enjoy some passive income in the form of business ventures. In 1995, she became the face of a glamour-themed cafe chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid outset and good buzz, but the novelty somewhen faded, and it failed to make the necessary profit to stay open up. To top information technology all off, the business partners got involved in a money laundering scandal, making it clear that it was meliorate for this cafe chain to close its doors for expert.
Steven Spielberg – Dive Eating house
Steven Spielberg'south mind seems to overflow with amazing ideas, but Swoop Restaurant wasn't 1 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 simulated diving session experience.
That still wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of information technology started to article of clothing off, resulting in dismal merchandise sales, which were a huge selling signal for the concern. In 1999, the restaurant officially shut its doors and became a learning lesson for what non to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its peak, Blob Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be strong and tough like Hulk Hogan, correct? Although it definitely seemed similar a solid business investment idea back in 1995, information technology didn't work out in the end.
The card wasn't that different from your standard pasta eating house carte, apart from the fact that it was branded by everyone's favorite wrestling guy. The restaurant shut its doors about a year later, allowing 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 concern venture that failed to turn a profit back in the day. With his focus on real estate, it'south non surprising he tried to dip into the mortgage business concern. 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's groundwork. In 2007, Trump Mortgage officially closed down afterwards failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a pop member of Fall Out Boy, and several other musicians decided it was fourth dimension 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 celebrity-endemic nightclub died downwards after information technology was reported that the New York location got caught serving booze to minors and had to shut down in 2012. A few years later, they likewise airtight the Chicago location — and that was the terminate of the Autumn Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Conduct Jim McMahon made a name for himself in the NFL in the '90s and also thought he could brand a name for himself by investing in a eating place — a steakhouse in Chicago. Unfortunately, McMahon got into business organisation with some pretty questionable characters whose reputation wasn't pristine among those in the banking company loan world.
The eating place was first called Chicago Stadium, just the owners of the Chicago Stadium apace sued McMahon and his other business partners. Co-ordinate to reports, the eating house participated in some shady business organisation practices, and McMahon had to altitude himself from information technology.
Eva Longoria – Beso Eating house and Nightclub
Eva Longoria is no stranger to the culinary scene — call back her role equally a guest judge on season 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The identify was a hot spot for quite some fourth dimension before closing its doors in 2011 among a ton of drama.
The business filed for bankruptcy in guild to restructure $5.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso subsequently relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, merely that eating place somewhen closed likewise.
Jay-Z – J-Hotels
The world'due south kickoff billionaire rapper is no stranger to successful business ventures, only the idea that "the sky 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, simply lack of funding and a recession halted the construction.
The recession going on at the fourth dimension basically fabricated it harder to get the funding needed, and the whole business projection was put on hold in 2008. Information technology looks like information technology never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Allow'southward have a break from restaurants and hotels for a while and get to 2008, which really seemed to be a prime fourth dimension 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 mode 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 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 effort other business ventures and invested in a large café in Atlanta that seated 105 guests.
The carte consisted of loftier-quality dishes that were besides considered healthy. Although it seemed like a decent idea and the buffet had big expansion dreams, the success didn't last. Three years afterward, Cafe Dupri had to close its doors afterwards 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 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 loftier 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 nether fire for its ad with picayune girls wearing total makeup and loftier heels. The star discontinued the line in 2012 without formal discover.
Lily Allen – Lucy in Disguise
Lily Allen too tried to dabble in the way world. The eccentric singer is known for her fashion sense, so it seemed only fair to see 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 store'southward location was one of the reasons for its failure — London'south Covent Garden. High real estate prices forced the visitor to move to a somewhat cheaper property in Soho, merely it wasn't plenty to save the business concern, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modernistic business venture launched past Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $vi.2 meg. The device was advertised equally a modern-day iPod with hi-resolution music service, but it was criticized for its poor design and high cost tag ($400).
Three years later, Neil Young ceased operations and closed the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging too much for hi-res music formats, and the business concern 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 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 motion-picture show 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 information technology could financially sustain itself and make a profit. This prompted investors similar Arnold Schwarzenegger to movement on and cut ties with the business. Planet Hollywood is withal around but 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 endeavor to brand more money, of form. The theme of The Clubhouse was golf, and dissimilar many other celebrity restaurants, it managed to terminal a surprisingly long fourth dimension.
Based in Costa Mesa, California, information technology featured the exclusive expect and mode of a golf game 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.
Short Schilling – 38 Studios
A unique business venture for its fourth dimension, 38 Studios was the brainchild of Short Schilling, who had a different vision than most sports celebrities. The one-time Red Sox bullpen 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 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 past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had big visions and a adept ear for music, only 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 visitor in 2013 later on 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 – Season Flav'south Chicken & Ribs
Who doesn't know Flavour Flav? In 2011, the pop rapper decided to combine his honey of fast food with business past opening a eatery in Clinton, Iowa. Although it sounds yummy, the business actually didn't final that long. In fact, it's ane of the shortest examples of business organization failure on the list — 3 months.
The restaurant airtight its doors due to a fallout between Flavor Flav and his business partner, Nick Cimino. The ii clashed over operations and money management, leading Flav to decide that fast food actually wasn't for him after all — at least when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent's attempt at a unique business organization venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, only he plain failed to understand the reason behind condoms in the commencement place. His company's condoms were laced with chemicals designed to increase the wearer'south sexual performance.
The rapper was asked about his failed business venture, and he said, "It just didn't work out because I wanted things in it that wouldn't piece of work." P.Due south.: "Candy Store" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of sense of humor she shares with her even more awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, just Lively wasn't a big enough lifestyle effigy to attract much interest.
Celebrity product endorsements are oftentimes too expensive for the full general public and can also feel fake, which raises concerns when it comes to trust. The website was abased virtually a year later, and her lifestyle venture was never mentioned once again. That's okay, she'southward all the same owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a mode line that failed to connect with its customers and make sufficient profit. Information technology belonged to Heidi Montag, a popular reality boob tube character who wanted to be known for more than but her dramatic TV roles. She launched Heidiwood in 2007 in collaboration with Anchor Blue Retail.
Although the line looked promising, customers didn't really care 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 earth, and then she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the simply Hilton making coin moves. Dorsum in the day, her sis Nicky Hilton wanted to stay truthful to her family legacy and open a hotel chain of her own. Nicky O Hotels was a premier luxury hotel make, ready to launch in Miami and subsequently Chicago.
Hilton planned to piece of 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 blueprint. However, the project failed to encounter the low-cal of day after a lawsuit against Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list once more, J.Lo's high-end Sweetface clothing line was notwithstanding another failure in the celebrity fashion globe. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't be institute for a cheaper price in a store downwards the street — according to shoppers' feedback.
Customers complained about high prices as well every bit the quality of the apparel. Negative feedback and poor sales forced Kohl'south to completely cease the line's production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her onetime director.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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