Donald and Melania Trump Make America Great Again
Investing in a business organization to ensure you have a stable income seems similar a wise decision — until it isn't. Even celebrities who already have a ton of greenbacks can't exist devil-may-care most choosing investments if they desire to stay rich. From restaurants to wearable 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 estimate who lost the most? Allow'due south have a wait!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the buzz was real. She was in her prime number years, and it seemed logical she would invest in a different type of business organisation. Nyla was located in the Dylan Hotel in Manhattan, New York Metropolis.
Her difference from the business concern occurred in the aforementioned year later she butted heads with the management, who claimed she was responsible for the restaurant'southward 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 organisation moguls, but not all their business concern ventures have been a success. Take 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 end. 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 note of the "Kardashian Kard ripoff," which prompted the Kardashian family'southward attorney to take immediate action and finish the concern to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had enough of fashion debuts during his career, and not all of them take been successful — or inspiring. Before his other style 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 become the business off the ground. Kanye himself said yous need to invest at least $100 million when you're making a new make, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but non many people know about his business failures. Ane 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, gold and other luxury elements toll Trump $1 million per shipping. Iii months after the launch, one of his planes almost crashed. The near miss, rising fuel prices and a bank loan of $380 million fabricated Trump decide it was fourth dimension to leave his aviation dreams backside and effort something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven enough of times that Paris Hilton knows what she's doing when information technology comes to concern. The Hilton heir has made quite a name for herself, merely not every idea resulted in cash in the depository financial institution. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration betwixt Hilton and the pop clothing characterization, and absolutely everyone was buzzing about information technology. The drove basically had Paris' face and name on almost every article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business organisation ventures that garnered more appeal.
Oprah Winfrey – OWN
In 2011, Oprah was the talk of the boondocks when she decided to operate a cablevision channel accessible to 80 one thousand thousand homes. The Oprah Winfrey Network (OWN) was an ambitious thought, with more than than $500 one thousand thousand invested in the project. Unfortunately, her team failed from the beginning to understand what people responded to and how they watched cablevision channels. Low ratings and viewership striking the network hard.
OWN was arguably Oprah's biggest failure, but unlike other celebrities on our list, Oprah yet hasn't completely given up on her business venture. Who knows? Perchance OWN is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre'southward Eatery
Celebrities have a affair for restaurants, but not all restaurants have a thing for celebs. Madre'due south 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 restaurant with a little flake of sexiness to it."
It lasted almost six years before mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture's virtually typical dishes, only J.Lo'south name wasn't enough to entice the public. No official reason was ever given for the determination to close it down, but 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 grade of business ventures. In 1995, she became the face of a glamour-themed cafe chain called Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid first and practiced fizz, simply the novelty eventually faded, and it failed to make the necessary turn a profit to stay open. To tiptop it all off, the business partners got involved in a money laundering scandal, making it clear that it was ameliorate for this cafe chain to close its doors for skillful.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, merely Dive 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 dive-themed decor and even featured a simulated diving session experience.
That still wasn't enough to charm the enervating Beverly Hills oversupply, and the novelty of information technology started to wear off, resulting in dismal trade sales, which were a huge selling bespeak for the business organisation. In 1999, the eatery officially close its doors and became a learning lesson for what not to exercise in the niche of themed restaurants.
Hulk Hogan – Pastamania Eating place
When Hulkmania was at its peak, Blob Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't desire to exist strong and tough similar Hulk Hogan, right? Although information technology definitely seemed similar a solid business investment idea back in 1995, it didn't piece of work out in the end.
The menu wasn't that unlike from your standard pasta restaurant menu, apart from the fact that it was branded past everyone's favorite wrestling guy. The restaurant shut its doors most a twelvemonth afterwards, allowing the Pastamania name to exist used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the just Trump business organization venture that failed to turn a turn a profit dorsum in the day. With his focus on real estate, it'south 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 downwardly to poor timing, every bit 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 downwardly later failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Male child, and several other musicians decided it was fourth dimension to open up a nightclub. Wentz claimed he just wanted a identify for him and his friends to hang out. Later, the club launched in several other locations, including Chicago.
The hype of the glory-owned nightclub died down after it was reported that the New York location got defenseless serving alcohol to minors and had to shut down in 2012. A few years later, they likewise closed the Chicago location — and that was the end of the Fall Out Boy nightclub.
Jim McMahon – McMahon'due south Steakhouse
Ex-Chicago Bear Jim McMahon made a proper name for himself in the NFL in the '90s and also thought he could make 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 among those in the bank loan world.
The restaurant was get-go called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the restaurant participated in some shady concern practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a invitee judge on season 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time before closing its doors in 2011 amidst 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 afterward 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 earth'south first billionaire rapper is no stranger to successful business concern ventures, only the idea 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 surface area, only 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 concern project was put on hold in 2008. Information technology looks like it never resumed, probably considering Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's accept a break from restaurants and hotels for a while and go to 2008, which really seemed to exist a prime number time for glory business 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 demand 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 — non fifty-fifty 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 top of his game. In 2005, he decided to try other business ventures and invested in a big café in Atlanta that seated 105 guests.
The menu consisted of loftier-quality dishes that were also considered salubrious. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. Three years later, Cafe Dupri had to close its doors after struggling to make enough 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 female parent, Tina Knowles, to create in 2006. The proper name paid tribute to Beyonce's maternal grandmother.
The way mixed the influences of hip hop with high fashion, and although it seemed similar it was taking off at first, information technology was ultimately criticized for its high prices. In 2008, the line too came under burn down for its advertizement with little girls wearing full makeup and loftier heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen besides tried to dabble in the fashion world. The eccentric singer is known for her way sense, so it seemed merely fair to see if the balance 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 shop'south location was 1 of the reasons for its failure — London'southward Covent Garden. High real estate prices forced the company to move to a somewhat cheaper holding in Soho, only it wasn't plenty to salve the business organization, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business venture launched past Neil Young in 2014. It was really successfully crowdfunded via the popular platform Kickstarter, where information technology raised $6.2 one thousand thousand. The device was advertised as a mod-24-hour interval iPod with hi-resolution music service, just it was criticized for its poor design and high price tag ($400).
Three years afterwards, 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 concern couldn't make a profit, despite the steep cost 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 amongst popular movie props attracted endorsements from some of the biggest Hollywood names, only information technology 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 make a profit. This prompted investors similar Arnold Schwarzenegger to move on and cut ties with the business. Planet Hollywood is still effectually 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 also. In 1997, he dabbled in the food industry in an endeavor to make more than coin, of class. 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, information technology featured the exclusive look and mode of a golf game clubhouse that was open to the public. Ironically, information technology opened right across from Planet Hollywood, which was closing at the time. The concern began to neglect in 2007.
Curt Schilling – 38 Studios
A unique business concern venture for its time, 38 Studios was the abstraction of Curt Schilling, who had a different vision than most sports celebrities. The former Red Sox pitcher wanted to endeavour something new, then he launched a video game concern in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The visitor released an action part-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 afterwards only releasing a single game. Despite the concern' failure, the game was pretty well received by the gaming customs.
Pharrell Williams – Qream Liqueur
Pharrell Williams ever had big visions and a good ear for music, simply 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 after it appeared to carelessness the deal earlier the contract was over. The drinkable wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav'due south Craven & Ribs
Who doesn't know Season Flav? In 2011, the popular rapper decided to combine his love of fast food with concern by opening a eating house in Clinton, Iowa. Although it sounds yummy, the business really didn't concluding that long. In fact, it'due south i of the shortest examples of business failure on the list — 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 direction, leading Flav to decide that fast food really wasn't for him later all — at least when it came to running a business concern.
50 Cent – Magic Stick Prophylactic
Magic Stick was fifty Cent'due south try at a unique business venture — in condoms. Yes, you read that correct. In 2008, the rapper created a line of condoms, merely he apparently failed to sympathize the reason behind condoms in the first place. His company's condoms were laced with chemicals designed to increase the wearer'south sexual operation.
The rapper was asked almost his failed business venture, and he said, "Information technology just didn't piece of work out considering I wanted things in information technology that wouldn't work." P.S.: "Candy Shop" lyrics were written mode 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 than crawly husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, every bit celebrity lifestyle websites were at their peak, but Lively wasn't a big plenty lifestyle figure to attract much interest.
Celebrity product endorsements are often besides expensive for the general public and can also feel fake, which raises concerns when it comes to trust. The website was abandoned about a twelvemonth later, and her lifestyle venture was never mentioned again. That'southward okay, she's notwithstanding 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 goggle box character who wanted to be known for more than than just her dramatic Telly roles. She launched Heidiwood in 2007 in collaboration with Anchor Bluish Retail.
Although the line looked promising, customers didn't actually care for the overpriced items, and her contract wasn't renewed the following year. She returned to reality Telly 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 money moves. Back in the 24-hour interval, her sister Nicky Hilton wanted to stay true to her family legacy and open a hotel concatenation of her own. Nicky O Hotels was a premier luxury hotel brand, set to launch in Miami and afterwards Chicago.
Hilton planned to work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her ambition was to combine the earth of amusement with luxury and design. However, the project failed to see the calorie-free of day later a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the listing over again, J.Lo'southward high-cease Sweetface article of clothing line was yet another 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 establish for a cheaper cost in a shop down 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 stop the line's production in 2009. Fun fact: Sweetface was J.Lo'southward nickname, given to her by her old 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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