Donald Trump Lets Make America Great Again
Investing in a business organization to ensure y'all have a stable income seems like a wise conclusion — until information technology isn't. Even celebrities who already have a ton of cash can't exist careless nigh choosing investments if they want to stay rich. From restaurants to vesture lines, the opportunities are plentiful, only information technology takes careful planning to avoid embarrassing business disasters.
Depending on your age, you probably call up these unforgettable glory business flops. Recall you can guess who lost the nearly? Let'due 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 number 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 Metropolis.
Her departure from the business occurred in the same yr 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 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 moguls, only not all their business ventures accept been a success. Accept 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. The business failed a calendar month afterward 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 developed fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family unit'due south chaser to take firsthand action and terminate the business to protect their reputation.
Kanye Due west – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them take been successful — or inspiring. Before his other manner lines, at that place was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle vesture 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 coin to get the business organisation off the basis. Kanye himself said yous need to invest at least $100 million when you're making a new make, and it conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know nigh his business failures. One of those epic failures was a very ambitious airline. Dorsum 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.
Cherry carpets, aureate and other luxury elements cost Trump $one one thousand thousand per aircraft. 3 months after the launch, one of his planes almost crashed. The near miss, rising fuel prices and a bank loan of $380 million made Trump decide it was time to go out 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 it comes to concern. The Hilton heir has made quite a proper noun for herself, but 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 characterization, and admittedly anybody was buzzing almost information technology. The collection basically had Paris' confront and proper name on almost every commodity of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the boondocks when she decided to operate a cable channel accessible to 80 1000000 homes. The Oprah Winfrey Network (Own) was an aggressive thought, with more than $500 million invested in the project. Unfortunately, her squad failed from the starting time to empathize what people responded to and how they watched cablevision channels. Depression ratings and viewership striking the network hard.
Own was arguably Oprah's biggest failure, but unlike other celebrities on our listing, Oprah notwithstanding hasn't completely given up on her business organization venture. Who knows? Maybe OWN is finally on track to pull itself out of some night days.
Jennifer Lopez – Madre'southward Restaurant
Celebrities have a thing for restaurants, but not all restaurants have a matter for celebs. Madre's was inspired by J.Lo'southward mom and grandmother's cooking, and information technology started its bumpy journey in 2002 in Pasadena, California. In her ain words, she described it as "a family eating place with a little bit of sexiness to information technology."
It lasted about six years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's most typical dishes, but J.Lo'due south name wasn't enough to entice the public. No official reason was always given for the decision to close it down, only the assumption is poor operation.
Naomi Campbell & Friends – The Fashion Buffet
In her prime (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 Mode Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
Information technology had a solid start and good buzz, but the novelty somewhen faded, and it failed to make the necessary profit to stay open. To top information technology all off, the business partners got involved in a money laundering scandal, making it articulate that it was better for this cafe chain to shut its doors for skilful.
Steven Spielberg – Dive Eatery
Steven Spielberg's heed seems to overflow with astonishing ideas, simply Swoop Restaurant 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 faux diving session experience.
That yet wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of it started to wear off, resulting in dismal trade sales, which were a huge selling point for the business concern. In 1999, the eating place officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Eating house
When Hulkmania was at its acme, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating feel. Who wouldn't want to be strong and tough like Hulk Hogan, correct? Although information technology definitely seemed like a solid business investment idea dorsum in 1995, information technology didn't piece of work out in the terminate.
The menu wasn't that unlike from your standard pasta restaurant menu, apart from the fact that information technology was branded by everyone'south favorite wrestling guy. The eating place shut its doors about a yr later, allowing the Pastamania name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the merely Trump concern venture that failed to turn a profit back in the solar day. With his focus on existent manor, it'southward not surprising he tried to dip into the mortgage business. The success of this venture was very brusk lived.
Near of the Trump Mortgage failure came downward 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'due south background. In 2007, Trump Mortgage officially airtight downwardly after failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular fellow member of Fall Out Male child, 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. Later on, 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 downwards in 2012. A few years afterward, they also airtight the Chicago location — and that was the finish of the Fall Out Male child nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and also thought he could make a proper name for himself by investing in a eating house — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine amidst those in the banking concern loan world.
The restaurant was beginning called Chicago Stadium, just the owners of the Chicago Stadium speedily sued McMahon and his other business partners. According to reports, the restaurant participated in some shady business organization practices, and McMahon had to altitude himself from it.
Eva Longoria – Beso Eating place and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a guest judge on season 4 of MasterChef? In 2008, she backed a Los Angeles eating house 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 lodge to restructure $5.seven meg 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, merely that restaurant somewhen closed as well.
Jay-Z – J-Hotels
The globe's first billionaire rapper is no stranger to successful business ventures, but the thought that "the heaven 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 up in Manhattan's Chelsea area, but lack of funding and a recession halted the construction.
The recession going on at the time basically fabricated it harder to become the funding needed, and the whole business organization projection was put on hold in 2008. Information technology looks like it never resumed, probably because Jay-Z became interested in plenty of other highly-seasoned ventures.
Natalie Portman – Té Casan
Let's have a pause from restaurants and hotels for a while and go to 2008, which really seemed to be a prime time for glory business organization 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 need to invest in something she believes in, and she felt a shoe line was definitely the manner to go. 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 effort other business concern ventures and invested in a big café in Atlanta that seated 105 guests.
The carte du jour consisted of high-quality dishes that were likewise considered healthy. Although it seemed similar a decent idea and the cafe had big expansion dreams, the success didn't concluding. 3 years after, Buffet Dupri had to close its doors later on struggling to make enough profit.
Beyonce – Business firm of Deréon
That'southward right — Queen B has experienced many failures along with her success. Sounding like a business firm out of Game of Thrones, Firm of Deréon was a fashion 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 fashion, and although it seemed like it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line likewise came nether fire for its ad 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 also tried to dabble in the way world. The eccentric vocaliser is known for her fashion sense, so information technology seemed only fair to see if the rest of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing shop, with her sister in 2010.
The store's location was one of the reasons for its failure — London's Covent Garden. High real estate prices forced the company to movement to a somewhat cheaper property in Soho, but information technology wasn't enough to relieve 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 actually successfully crowdfunded via the popular platform Kickstarter, where it raised $6.2 meg. The device was advertised as a modern-twenty-four hour period iPod with hi-resolution music service, just it was criticized for its poor design and high price tag ($400).
Three years afterward, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging as well much for hi-res music formats, and the concern couldn't make 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 make. The initial hype of eating amid pop movie props attracted endorsements from some of the biggest Hollywood names, just it wasn't all sunshine and rainbows.
The business filed for defalcation twice and reduced its number of restaurants to less than a dozen to ensure information technology could financially sustain itself and brand a profit. This prompted investors like Arnold Schwarzenegger to motion on and cut ties with the business concern. Planet Hollywood is yet effectually simply with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely pop 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 than money, of course. The theme of The Clubhouse was golf, and different many other celebrity restaurants, it managed to last a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the exclusive look and style of a golf clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was closing at the fourth dimension. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 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 concern in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an activeness role-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 after only releasing a single game. Despite the business organization' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had big visions and a skillful ear for music, but in 2011, the popular producer ventured into the globe 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 after it appeared to carelessness the deal before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavour Flav – Season Flav's Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his dearest of fast food with business by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business organisation actually didn't last that long. In fact, it'southward one of the shortest examples of business failure on the list — three months.
The eating house closed its doors due to a fallout between Flavour Flav and his business partner, Nick Cimino. The two clashed over operations and coin management, leading Flav to make up one's mind that fast food actually wasn't for him after all — at least when it came to running a business concern.
l Cent – Magic Stick Condom
Magic Stick was 50 Cent's endeavor at a unique business organisation venture — in condoms. Yes, you read that correct. In 2008, the rapper created a line of condoms, but he plain failed to understand the reason backside condoms in the first place. His company'due south condoms were laced with chemicals designed to increment the wearer'southward sexual operation.
The rapper was asked about his failed business venture, and he said, "It merely didn't piece of work out considering I wanted things in it that wouldn't work." P.S.: "Candy Shop" lyrics were written manner before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of humor she shares with her even more crawly husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as glory lifestyle websites were at their peak, but Lively wasn't a large enough lifestyle effigy to attract much interest.
Celebrity product endorsements are often likewise expensive for the general public and can also experience imitation, which raises concerns when it comes to trust. The website was abased well-nigh a year later, and her lifestyle venture was never mentioned again. That's okay, she'due south still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a mode line that failed to connect with its customers and brand sufficient profit. It belonged to Heidi Montag, a popular reality television grapheme who wanted to exist known for more than 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 intendance for the overpriced items, and her contract wasn't renewed the following year. She returned to reality Tv set and is yet a prominent figure in the celebrity gossip world, and so 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 solar 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 up to launch in Miami and later Chicago.
Hilton planned to piece of work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her ambition was to combine the earth of entertainment with luxury and blueprint. However, the project failed to encounter the light of day after a lawsuit against Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo'southward loftier-terminate Sweetface wearable line was yet some other failure in the celebrity fashion world. Attempting to combine urban streetwear with modern manner, the line failed to deliver anything unique that couldn't be institute for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained virtually loftier prices as well 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 by her erstwhile 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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