Donald Trump He s Going to Be the Fat Again
Investing in a business concern to ensure you have a stable income seems like a wise conclusion — until it isn't. Even celebrities who already have a ton of greenbacks can't exist careless most choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, just information technology takes conscientious planning to avert embarrassing business disasters.
Depending on your age, yous probably remember these unforgettable celebrity business flops. Think you can guess who lost the almost? Let's take a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the fizz was real. She was in her prime years, and information technology seemed logical she would invest in a unlike type of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her deviation from the business occurred in the same year later she butted heads with the management, who claimed she was responsible for the restaurant'southward debt and other financial problems. Fun fact: The eatery 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 business moguls, but not all their business ventures have been a success. Accept 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 organisation failed a month after its launch when the legality of sure fees raised concerns.
An attorney claimed the loftier fees were unfair and unethical, peculiarly for the Kardashians' largely young adult fanbase. Many reputable websites took annotation of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to take immediate action and terminate the business to protect their reputation.
Kanye West – Pastelle Habiliment Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other manner lines, there 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 corporeality of coin to get the business off the ground. Kanye himself said you demand to invest at least $100 meg when you're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, only not many people know well-nigh his business concern 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 betwixt Washington D.C., Boston and New York.
Red carpets, aureate and other luxury elements cost Trump $one million per aircraft. Three months after the launch, one of his planes nearly crashed. The near miss, ascension fuel prices and a bank loan of $380 million made Trump make up one's mind it was time to leave his aviation dreams behind and endeavor 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, but 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 and name on nigh every article 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 town when she decided to operate a cable channel attainable to fourscore million homes. The Oprah Winfrey Network (Ain) was an ambitious idea, with more than than $500 million invested in the projection. Unfortunately, her team failed from the beginning to understand what people responded to and how they watched cable channels. Depression ratings and viewership hit the network difficult.
OWN was arguably Oprah'southward biggest failure, but different other celebrities on our list, Oprah still hasn't completely given up on her business venture. Who knows? Maybe Own is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre's Eating house
Celebrities have a affair for restaurants, but not all restaurants have a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother'southward cooking, and information technology started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described information technology as "a family restaurant with a piddling fleck of sexiness to it."
Information technology lasted about vi years earlier mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's most typical dishes, simply J.Lo's name wasn't plenty to entice the public. No official reason was always given for the decision to close it downward, but the supposition is poor performance.
Naomi Campbell & Friends – The Mode Buffet
In her prime (mid-1990s), Naomi Campbell decided it was fourth dimension to savor some passive income in the class of business ventures. In 1995, she became the face of a glamour-themed cafe chain chosen Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and skilful buzz, but the novelty somewhen faded, and it failed to brand the necessary profit to stay open up. To height it all off, the business partners got involved in a money laundering scandal, making it articulate that it was better for this cafe chain to close its doors for practiced.
Steven Spielberg – Dive Eatery
Steven Spielberg'south mind seems to overflow with amazing ideas, simply 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 however wasn't enough to charm the demanding Beverly Hills oversupply, and the novelty of it started to wear off, resulting in dismal trade sales, which were a huge selling betoken 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 Restaurant
When Hulkmania was at its elevation, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't desire to be potent and tough similar Hulk Hogan, right? Although it definitely seemed like a solid business concern investment idea back in 1995, it didn't work out in the cease.
The menu wasn't that unlike from your standard pasta eatery menu, apart from the fact that it was branded by everyone's favorite wrestling guy. The restaurant shut its doors nearly a twelvemonth later, assuasive the Pastamania proper noun to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to plough a turn a profit back in the day. With his focus on real estate, information technology'south not surprising he tried to dip into the mortgage business. The success of this venture was very short lived.
Virtually 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'due south groundwork. In 2007, Trump Mortgage officially airtight downwards later on failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Boy, and several other musicians decided it was time to open a nightclub. Wentz claimed he simply wanted a place for him and his friends to hang out. Later on, the society launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died down afterwards information technology was reported that the New York location got defenseless serving alcohol to minors and had to shut downwards in 2012. A few years later, they also closed the Chicago location — and that was the stop of the Fall Out Boy nightclub.
Jim McMahon – McMahon'south Steakhouse
Ex-Chicago Bear Jim McMahon fabricated a name for himself in the NFL in the '90s and too thought 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 depository financial institution loan world.
The eatery was first 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 business practices, and McMahon had to altitude himself from it.
Eva Longoria – Beso Eating house and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a guest judge on flavor 4 of MasterChef? In 2008, she backed a Los Angeles restaurant chosen Beso. The place was a hot spot for quite some time before endmost its doors in 2011 amongst a ton of drama.
The business filed for bankruptcy in guild to restructure $5.vii million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new ownership (without Longoria) and with a new proper name, Viva Hollywood, but that eating place eventually closed as well.
Jay-Z – J-Hotels
The globe'due south showtime billionaire rapper is no stranger to successful business ventures, only 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 expanse, merely 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 project was put on hold in 2008. It looks similar it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Allow'southward take a intermission from restaurants and hotels for a while and become to 2008, which actually seemed to exist a prime number time for glory concern 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 fashion to go. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not fifty-fifty diehard vegans — and the shoe line'south website disappeared past 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 endeavor other business ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were also considered salubrious. Although it seemed like a decent thought and the cafe had large expansion dreams, the success didn't terminal. Three years afterwards, Buffet Dupri had to close its doors after struggling to make plenty profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding similar a house out of Game of Thrones, Firm of Deréon was a fashion line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The proper name paid tribute to Beyonce'southward maternal grandmother.
The fashion mixed the influences of hip hop with high fashion, and although it seemed like it was taking off at beginning, information technology was ultimately criticized for its high prices. In 2008, the line also came nether burn for its ad with piffling girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the mode world. The eccentric singer is known for her fashion sense, so information technology seemed only off-white to see if the rest of the world (or at to the lowest degree London) would catch on to her await. She opened Lucy in Disguise, a vintage habiliment store, with her sister in 2010.
The shop's location was one of the reasons for its failure — London's Covent Garden. Loftier real estate prices forced the visitor to motility to a somewhat cheaper belongings 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 adequately modern business venture launched by Neil Young in 2014. Information technology was really successfully crowdfunded via the popular platform Kickstarter, where information technology raised $6.two meg. The device was advertised as a modern-mean solar day iPod with hullo-resolution music service, but it was criticized for its poor pattern and high cost tag ($400).
3 years later, Neil Young ceased operations and closed the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging likewise much for hi-res music formats, and the business 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 brand. The initial hype of eating among popular pic props attracted endorsements from some of the biggest Hollywood names, but information technology 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 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 even so around but 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 likewise. In 1997, he dabbled in the nutrient industry in an attempt to brand more coin, of course. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, information technology 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, information technology opened right across from Planet Hollywood, which was closing at the time. The business began to neglect in 2007.
Short Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Brusk Schilling, who had a different vision than most sports celebrities. The former Red Sox pitcher 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 action part-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 after only releasing a single game. Despite the business' failure, the game was pretty well received past the gaming customs.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had big visions and a good ear for music, but 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 insufficient marketing efforts to launch the liqueur, and he sued the visitor in 2013 after information technology appeared to abandon the deal before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavour Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his honey of fast food with business organization past opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business really didn't last that long. In fact, it's i of the shortest examples of business failure on the list — three months.
The restaurant airtight its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The 2 clashed over operations and money direction, leading Flav to decide that fast food really wasn't for him after all — at to the lowest degree when it came to running a business concern.
50 Cent – Magic Stick Prophylactic
Magic Stick was 50 Cent's effort 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 behind condoms in the get-go place. 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, "Information technology just didn't work out because I wanted things in it that wouldn't work." P.S.: "Candy Store" lyrics were written fashion before 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 awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as glory lifestyle websites were at their peak, only Lively wasn't a big enough lifestyle effigy to attract much interest.
Celebrity product endorsements are often besides expensive for the general public and tin too experience fake, which raises concerns when it comes to trust. The website was abased about a year later, and her lifestyle venture was never mentioned once more. That'south okay, she'southward however 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 popular reality television character who wanted to be known for more just her dramatic Telly 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 globe, 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 mean solar day, her sister Nicky Hilton wanted to stay true to her family unit legacy and open 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 blueprint a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of entertainment with luxury and design. Notwithstanding, the project failed to see the light of day after a lawsuit confronting Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo'southward high-terminate Sweetface wear line was yet another failure in the glory fashion world. Attempting to combine urban streetwear with mod manner, the line failed to deliver annihilation unique that couldn't exist found for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained about high prices too as the quality of the apparel. Negative feedback and poor sales forced Kohl's to completely stop the line's production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her past her old 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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