Donald Trump Running for President Again
Investing in a business 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 be careless about choosing investments if they want to stay rich. From restaurants to wear lines, the opportunities are plentiful, but it takes careful planning to avoid embarrassing business concern disasters.
Depending on your historic period, you lot probably remember these unforgettable celebrity business flops. Recollect you tin can estimate who lost the nigh? Let's have a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eatery in 2002, the buzz was real. She was in her prime years, and information technology seemed logical she would invest in a different type of concern. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her departure from the business organization occurred in the same year after she butted heads with the management, who claimed she was responsible for the restaurant'due south debt and other financial issues. Fun fact: The eatery 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 non all their business ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians appear a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business concern failed a month after its launch when the legality of sure fees raised concerns.
An attorney claimed the high fees were unfair and unethical, peculiarly 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 activeness and terminate the concern to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of mode debuts during his career, and non all of them have been successful — or inspiring. Earlier 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 short, a lot of drama happened, and according to reports, the investors didn't want to invest a sufficient amount of money to go the business off the basis. Kanye himself said yous need to invest at least $100 1000000 when you're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known man of affairs, but non many people know nearly 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, gilt and other luxury elements cost Trump $i million per aircraft. Three months subsequently the launch, one of his planes almost crashed. The near miss, rising fuel prices and a banking concern loan of $380 one thousand thousand fabricated Trump decide information technology was time to get out his aviation dreams backside and endeavour something else.
Paris Hilton – Dollhouse Collection
It has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business. The Hilton heir has made quite a name for herself, merely 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 label, and absolutely everyone was buzzing about it. The collection basically had Paris' face and proper noun on almost every article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more entreatment.
Oprah Winfrey – OWN
In 2011, Oprah was the talk of the town when she decided to operate a cable channel attainable to lxxx million homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than than $500 million invested in the projection. Unfortunately, her team failed from the beginning to empathise what people responded to and how they watched cable channels. Low ratings and viewership hit the network difficult.
OWN was arguably Oprah'south biggest failure, simply unlike other celebrities on our list, Oprah still hasn't completely given up on her concern venture. Who knows? Perhaps OWN is finally on rails to pull itself out of some nighttime days.
Jennifer Lopez – Madre'due south Restaurant
Celebrities accept a thing for restaurants, but not all restaurants have a thing for celebs. Madre'southward was inspired by J.Lo's mom and grandmother'south cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described it as "a family eating place with a little bit of sexiness to it."
It lasted about six years before mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture's near typical dishes, just J.Lo'southward proper name wasn't enough to entice the public. No official reason was ever given for the decision to shut it down, just the assumption is poor performance.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided it was time to enjoy some passive income in the form of business ventures. In 1995, she became the confront of a glamour-themed buffet concatenation called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid showtime and expert buzz, just 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 it was better for this cafe concatenation to close its doors for skillful.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with astonishing ideas, merely 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 swoop-themed decor and even featured a simulated diving session experience.
That notwithstanding wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of information technology started to clothing off, resulting in dismal merchandise sales, which were a huge selling point for the business. In 1999, the eatery officially close its doors and became a learning lesson for what non to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Eating house
When Hulkmania was at its peak, Blob Hogan decided to innovate Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be potent and tough like Blob Hogan, right? Although it definitely seemed like a solid business investment idea back in 1995, it didn't piece of work out in the finish.
The menu wasn't that unlike from your standard pasta restaurant menu, apart from the fact that it was branded by everyone's favorite wrestling guy. The restaurant shut its doors well-nigh a year later, assuasive the Pastamania name to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business organisation venture that failed to turn a turn a profit back in the day. With his focus on existent estate, it's non surprising he tried to dip into the mortgage business. The success of this venture was very short lived.
Most of the Trump Mortgage failure came downwards 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 after failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Autumn Out Male child, and several other musicians decided it was fourth dimension to open up 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 after it was reported that the New York location got caught serving alcohol to minors and had to shut downwards in 2012. A few years afterwards, they also closed the Chicago location — and that was the cease of the Fall Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and also idea 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 restaurant was first called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business organisation partners. Co-ordinate to reports, the eatery participated in some shady business practices, and McMahon had to altitude himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — call up her office every bit a invitee estimate on season 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some fourth dimension before closing its doors in 2011 amidst a ton of drama.
The business organization filed for bankruptcy in order to restructure $5.7 1000000 worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso afterwards relaunched under new ownership (without Longoria) and with a new proper name, Viva Hollywood, but that restaurant somewhen closed too.
Jay-Z – J-Hotels
The earth's starting time billionaire rapper is no stranger to successful business ventures, but the thought that "the sky is the limit" definitely doesn't apply 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, just 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 organization project was put on concur in 2008. It looks like it never resumed, probably because Jay-Z became interested in plenty of other highly-seasoned ventures.
Natalie Portman – Té Casan
Allow's take a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime number time for glory business organisation 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 need to invest in something she believes in, and she felt a shoe line was definitely the mode 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 concern ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were also considered good for you. Although it seemed like a decent thought and the buffet had large expansion dreams, the success didn't last. Three years subsequently, Cafe Dupri had to close its doors after struggling to make plenty turn a profit.
Beyonce – House of Deréon
That's correct — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, House of Deréon was a fashion line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The proper noun paid tribute to Beyonce's maternal grandmother.
The style mixed the influences of hip hop with high fashion, and although information technology seemed similar it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under fire for its advert with niggling girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen likewise tried to dabble in the way world. The eccentric vocalizer is known for her fashion sense, and so it seemed just fair to run across if the residual 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'southward location was one of the reasons for its failure — London'southward Covent Garden. Loftier real estate prices forced the company to motility to a somewhat cheaper property in Soho, only it wasn't plenty to save the business, and information technology 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 popular platform Kickstarter, where it raised $6.2 million. The device was advertised as a mod-day iPod with hi-resolution music service, but it was criticized for its poor design and loftier toll tag ($400).
Three years later, Neil Young ceased operations and airtight the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging besides much for hello-res music formats, and the business organization 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 pop movie props attracted endorsements from some of the biggest Hollywood names, but it 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 information technology could financially sustain itself and make a profit. This prompted investors similar Arnold Schwarzenegger to move on and cut ties with the business organization. Planet Hollywood is still 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 nutrient industry in an attempt to make more money, of course. The theme of The Clubhouse was golf, and unlike many other glory restaurants, it managed to concluding a surprisingly long time.
Based in Costa Mesa, California, it featured the sectional look and way of a golf clubhouse that was open up to the public. Ironically, it opened right across from Planet Hollywood, which was closing at the time. The business organisation began to neglect in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Brusk Schilling, who had a different vision than about sports celebrities. The erstwhile Red Sox pitcher wanted to try something new, so he launched a video game business organisation in 2006. Unfortunately, game evolution takes years, and that was hard to sell to investors.
The company released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 after only releasing a unmarried game. Despite the business' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had large visions and a good ear for music, simply in 2011, the pop 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 company in 2013 after 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's Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his dearest of fast nutrient with business organization by opening a restaurant in Clinton, Iowa. Although information technology sounds yummy, the business organisation really didn't last that long. In fact, it's one of the shortest examples of business failure on the listing — three months.
The restaurant airtight its doors due to a fallout between Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and money 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.
fifty Cent – Magic Stick Condom
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, but 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's sexual performance.
The rapper was asked well-nigh his failed business venture, and he said, "It just didn't piece of work out because I wanted things in it 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 crawly 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 celebrity lifestyle websites were at their peak, but Lively wasn't a big plenty lifestyle figure to concenter much interest.
Celebrity product endorsements are often also expensive for the full general public and can likewise feel fake, which raises concerns when it comes to trust. The website was abandoned about a year later on, and her lifestyle venture was never mentioned again. That's okay, she's nonetheless owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient profit. It belonged to Heidi Montag, a pop reality television set character who wanted to be known for more than than but her dramatic Television receiver 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 post-obit year. She returned to reality TV and is even so a prominent effigy in the celebrity gossip world, then she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Dorsum in the day, her sister Nicky Hilton wanted to stay true to her family legacy and open up a hotel concatenation of her own. 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 pattern a luxurious penthouse suite for the Miami location. Her ambition was to combine the globe of amusement with luxury and design. However, the projection failed to see the calorie-free of day after a lawsuit confronting Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the listing again, J.Lo's high-end Sweetface vesture line was yet another failure in the celebrity style world. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't be establish for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained virtually loftier prices also equally the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely end the line's production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her past her sometime 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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