Thanks Donald Trump for Saying Merry Christmas Again
Investing in a business organisation to ensure you have a stable income seems similar a wise determination — until it isn't. Even celebrities who already accept a ton of cash tin't be devil-may-care well-nigh choosing investments if they desire to stay rich. From restaurants to article of clothing lines, the opportunities are plentiful, but it takes conscientious planning to avert embarrassing business disasters.
Depending on your age, you lot probably think these unforgettable celebrity business concern flops. Recall you can guess who lost the most? Allow'south take 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 blazon of business. Nyla was located in the Dylan Hotel in Manhattan, New York Urban center.
Her departure from the business occurred in the same year after she butted heads with the management, who claimed she was responsible for the restaurant's debt and other fiscal problems. Fun fact: The eating place 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 concern 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 calendar month after its launch when the legality of certain 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 action and cease the concern to protect their reputation.
Kanye Due west – Pastelle Clothing Line
Yeezy has had enough of fashion debuts during his career, and not 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 habiliment line in collaboration with Adidas.
In short, a lot of drama happened, and co-ordinate to reports, the investors didn't want to invest a sufficient corporeality of money to get the business off the footing. Kanye himself said you lot need to invest at to the lowest degree $100 million when you're making a new brand, and it conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known man of affairs, but non many people know well-nigh his business organisation failures. 1 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, golden and other luxury elements toll Trump $1 million per shipping. 3 months subsequently the launch, one of his planes almost crashed. The near miss, rising fuel prices and a bank loan of $380 meg fabricated Trump decide it was time to leave 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'southward doing when it comes to business. The Hilton heir has made quite a proper name for herself, simply not every idea resulted in cash in the banking concern. In 2008, Paris Hilton for Dollhouse was released.
Information technology was a collaboration between Hilton and the popular habiliment label, and absolutely everyone was buzzing about information technology. The collection basically had Paris' confront and name on about every article of wearable. Unfortunately, the glory didn't final long, and Paris moved on to other business ventures that garnered more than appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the town when she decided to operate a cable channel accessible to eighty one thousand thousand homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than than $500 million 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 hit the network difficult.
Own was arguably Oprah's biggest failure, but unlike other celebrities on our list, Oprah nevertheless hasn't completely given up on her business concern venture. Who knows? Maybe Ain is finally on track to pull itself out of some nighttime days.
Jennifer Lopez – Madre's Restaurant
Celebrities accept a thing for restaurants, just non all restaurants have a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother'due south cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described it as "a family unit eatery with a footling bit of sexiness to it."
Information technology lasted about six years earlier mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture'southward near typical dishes, just J.Lo's proper name wasn't enough to entice the public. No official reason was ever given for the decision to shut it down, merely the supposition is poor functioning.
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 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 showtime and skillful fizz, simply the novelty somewhen faded, and information technology failed to make the necessary profit to stay open. To elevation it all off, the business partners got involved in a money laundering scandal, making it clear that it was better for this cafe chain to close its doors for good.
Steven Spielberg – Dive Eating place
Steven Spielberg's mind seems to overflow with astonishing ideas, but Swoop Eatery wasn't one of them. In 1994, he decided to open a nautical-themed eating place in Beverly Hills. The place was filled with impressive swoop-themed decor and even featured a faux diving session experience.
That notwithstanding 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 restaurant officially shut its doors and became a learning lesson for what not to exercise in the niche of themed restaurants.
Hulk Hogan – Pastamania Eatery
When Hulkmania was at its summit, Hulk Hogan decided to innovate Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be strong and tough similar Blob Hogan, right? Although it definitely seemed like a solid business organization investment idea back in 1995, it didn't piece of work out in the end.
The menu wasn't that dissimilar from your standard pasta restaurant menu, apart from the fact that it was branded past everyone's favorite wrestling guy. The eating place close its doors almost a year later, assuasive the Pastamania name to be used past a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to turn a turn a profit back in the day. With his focus on real estate, it's non surprising he tried to dip into the mortgage business organisation. The success of this venture was very short lived.
Nearly of the Trump Mortgage failure came down to poor timing, equally the 2006 recession struck, and the mortgage lending industry began to crumble with the market crash. Everything was questioned, including the CEO'south groundwork. In 2007, Trump Mortgage officially closed downwards after declining to thrive in the struggling market place.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a pop member of Fall Out Boy, and several other musicians decided it was time to open up a nightclub. Wentz claimed he just wanted a identify for him and his friends to hang out. Afterward, the society launched in several other locations, including Chicago.
The hype of the glory-owned nightclub died downwards after it was reported that the New York location got caught serving alcohol to minors and had to close down in 2012. A few years later, they likewise closed the Chicago location — and that was the terminate of the Fall Out Male child nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Acquit Jim McMahon made a proper noun for himself in the NFL in the '90s and also idea he could brand a name for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine amidst those in the bank loan globe.
The restaurant was get-go called Chicago Stadium, only the owners of the Chicago Stadium quickly sued McMahon and his other business organization partners. Co-ordinate to reports, the eating house participated in some shady business practices, and McMahon had to altitude himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a guest approximate on season four of MasterChef? In 2008, she backed a Los Angeles restaurant chosen Beso. The place was a hot spot for quite some time before closing its doors in 2011 amidst a ton of drama.
The business organization filed for defalcation in order to restructure $5.vii 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 noun, Viva Hollywood, but that restaurant somewhen closed besides.
Jay-Z – J-Hotels
The earth's first billionaire rapper is no stranger to successful business organisation ventures, merely the idea that "the sky is the limit" definitely doesn't utilize 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, but lack of funding and a recession halted the structure.
The recession going on at the fourth dimension basically made it harder to get the funding needed, and the whole business project was put on hold in 2008. Information technology looks like it never resumed, probably because Jay-Z became interested in enough of other highly-seasoned ventures.
Natalie Portman – Té Casan
Allow's take a pause from restaurants and hotels for a while and go to 2008, which really seemed to be a prime fourth dimension for celebrity business organization 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 get. Unfortunately, the loftier price of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's 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 summit of his game. In 2005, he decided to try other business ventures and invested in a large café in Atlanta that seated 105 guests.
The carte du jour consisted of high-quality dishes that were also considered healthy. Although it seemed like a decent idea and the cafe had large expansion dreams, the success didn't concluding. Three years later, Cafe Dupri had to close its doors after struggling to make enough turn a profit.
Beyonce – House of Deréon
That'south correct — Queen B has experienced many failures forth with her success. Sounding like a house 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'south maternal grandmother.
The way mixed the influences of hip hop with high fashion, and although it seemed like information technology was taking off at offset, it was ultimately criticized for its high prices. In 2008, the line besides came under fire for its ad with lilliputian girls wearing total makeup and high heels. The star discontinued the line in 2012 without formal discover.
Lily Allen – Lucy in Disguise
Lily Allen as well tried to dabble in the fashion world. The eccentric vocalist is known for her style sense, then information technology 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 clothing store, with her sis in 2010.
The store's location was one of the reasons for its failure — London'southward Covent Garden. High real estate prices forced the company to move to a somewhat cheaper property in Soho, but information technology wasn't enough to save the business, and information technology ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modernistic business venture launched by Neil Young in 2014. Information technology was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $6.2 one thousand thousand. The device was advertised as a mod-day iPod with hi-resolution music service, but it was criticized for its poor pattern and loftier price tag ($400).
Three years later on, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging also much for hi-res music formats, and the business concern couldn't make a turn a profit, despite the steep toll 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 pic props attracted endorsements from some of the biggest Hollywood names, but it wasn't all sunshine and rainbows.
The business organisation filed for bankruptcy twice and reduced its number of restaurants to less than a dozen to ensure it could financially sustain itself and brand a profit. This prompted investors similar Arnold Schwarzenegger to motion on and cut ties with the business organization. Planet Hollywood is still around 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 nutrient manufacture in an endeavour to make more money, of course. The theme of The Clubhouse was golf game, and unlike many other glory restaurants, it managed to terminal a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the sectional await and way of a golf game clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was endmost at the time. The concern began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Brusque Schilling, who had a unlike vision than most sports celebrities. The onetime Blood-red Sox bullpen wanted to try something new, and 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 part-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 later only releasing a single game. Despite the business' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams ever had big visions and a proficient ear for music, but in 2011, the pop producer ventured into the earth 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 afterward it appeared to abandon the deal before the contract was over. The drinkable 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 love of fast food with business organisation by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business really didn't terminal that long. In fact, it'south one of the shortest examples of business concern failure on the list — iii months.
The eatery airtight its doors due to a fallout between Flavour Flav and his business partner, Nick Cimino. The ii clashed over operations and coin management, leading Flav to decide that fast food really wasn't for him later all — at least when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent's endeavor at a unique business concern venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, only he evidently failed to understand the reason behind condoms in the beginning identify. His company's condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked about his failed business venture, and he said, "It only didn't piece of work out because I wanted things in information technology that wouldn't work." P.S.: "Candy Store" lyrics were written way earlier 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 crawly husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, every bit celebrity lifestyle websites were at their tiptop, merely Lively wasn't a big enough lifestyle figure to attract much interest.
Celebrity product endorsements are oftentimes as well expensive for the full general public and tin also feel simulated, which raises concerns when it comes to trust. The website was abased near a year later, and her lifestyle venture was never mentioned again. That's okay, she'south still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and make sufficient profit. Information technology belonged to Heidi Montag, a popular reality tv grapheme who wanted to be known for more just her dramatic Boob tube roles. She launched Heidiwood in 2007 in collaboration with Anchor Blueish Retail.
Although the line looked promising, customers didn't actually care for the overpriced items, and her contract wasn't renewed the following yr. She returned to reality TV and is however a prominent effigy in the celebrity gossip world, and 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 truthful to her family unit legacy and open up a hotel chain of her own. Nicky O Hotels was a premier luxury hotel brand, gear up 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 amusement with luxury and blueprint. However, the project failed to see the calorie-free of day afterward a lawsuit confronting Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo'southward high-cease Sweetface clothing line was yet another failure in the glory fashion world. Attempting to combine urban streetwear with modernistic fashion, the line failed to deliver anything unique that couldn't be found for a cheaper price in a store downwards the street — according to shoppers' feedback.
Customers complained virtually high prices likewise as the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely stop the line's product in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her past 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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