Donald Trump 99 Agility Make Memes Great 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 tin't be careless nigh choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, merely it takes careful planning to avoid embarrassing business organization disasters.
Depending on your historic period, you lot probably remember these unforgettable celebrity business flops. Think you can guess who lost the most? Let'southward take a look!
Britney Spears – Nyla Eatery
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 type of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her departure from the business occurred in the same year later she butted heads with the management, who claimed she was responsible for the restaurant's debt and other financial issues. Fun fact: The restaurant was supposed to exist called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians are definitely business organization moguls, simply not all their business ventures accept been a success. Have the Kardashian Kard, for example. In 2010, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business failed a month later 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 adult fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family unit'south attorney to have immediate action and terminate the business concern to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of mode debuts during his career, and not all of them accept been successful — or inspiring. Before his other mode 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 brusque, 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 concern off the ground. Kanye himself said yous demand to invest at to the lowest degree $100 million when you're making a new brand, and information technology clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know about his business failures. One of those epic failures was a very aggressive airline. Back in 1988, Donald Trump introduced his ain branded airline shuttle. The luxury shuttle service was supposed to run betwixt Washington D.C., Boston and New York.
Reddish carpets, gold and other luxury elements cost Trump $1 million per aircraft. Three months after the launch, 1 of his planes almost crashed. The about miss, rise fuel prices and a bank loan of $380 1000000 made Trump decide it was time to leave his aviation dreams behind and endeavor something else.
Paris Hilton – Dollhouse Drove
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 proper noun for herself, merely not every idea resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration betwixt Hilton and the popular clothing label, and absolutely everyone was buzzing nigh information technology. The drove basically had Paris' confront and name on almost every article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more than appeal.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the town when she decided to operate a cablevision channel accessible to lxxx million homes. The Oprah Winfrey Network (OWN) was an ambitious thought, with more than than $500 one thousand thousand invested in the projection. Unfortunately, her squad failed from the starting time to understand what people responded to and how they watched cable channels. Low ratings and viewership hitting the network hard.
OWN was arguably Oprah's biggest failure, but unlike other celebrities on our list, Oprah still hasn't completely given upward on her business venture. Who knows? Maybe Own is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a matter for restaurants, merely non all restaurants have a affair for celebs. Madre'southward was inspired by J.Lo's mom and grandmother's cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described it as "a family restaurant with a little bit of sexiness to information technology."
It lasted about half-dozen years before mysteriously closing its doors in 2008. The Latin American eating place featured some of the culture's nigh typical dishes, but J.Lo'due south name wasn't plenty to entice the public. No official reason was e'er given for the decision to close it downwards, but the assumption is poor performance.
Naomi Campbell & Friends – The Mode Cafe
In her prime (mid-1990s), Naomi Campbell decided it was time to enjoy some passive income in the form of business organisation 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 beginning and good buzz, merely the novelty eventually faded, and information technology failed to brand the necessary turn a profit to stay open up. To top it all off, the business partners got involved in a coin laundering scandal, making it clear that it was improve for this cafe concatenation to close its doors for good.
Steven Spielberg – Dive Eating place
Steven Spielberg's heed seems to overflow with amazing ideas, but Dive Eatery wasn't one of them. In 1994, he decided to open a nautical-themed eatery in Beverly Hills. The place was filled with impressive dive-themed decor and fifty-fifty featured a simulated diving session experience.
That still 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 organization. In 1999, the eating house officially shut its doors and became a learning lesson for what non to exercise in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its pinnacle, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't desire to be strong and tough like Blob Hogan, correct? Although it definitely seemed like a solid business investment thought back in 1995, information technology didn't work out in the cease.
The menu wasn't that unlike from your standard pasta eating place carte du jour, apart from the fact that it was branded by anybody'south favorite wrestling guy. The restaurant shut its doors almost a year later, allowing the Pastamania name to exist 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 profit back in the day. With his focus on real estate, it's not surprising he tried to dip into the mortgage business. The success of this venture was very short lived.
Well-nigh of the Trump Mortgage failure came down 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 closed downwardly after declining to thrive in the struggling market place.
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 up a nightclub. Wentz claimed he just wanted a place for him and his friends to hang out. Afterward, the club launched in several other locations, including Chicago.
The hype of the glory-owned nightclub died down afterwards information technology was reported that the New York location got caught serving booze to minors and had to shut down in 2012. A few years subsequently, they too closed the Chicago location — and that was the end of the Autumn Out Boy nightclub.
Jim McMahon – McMahon'due south Steakhouse
Ex-Chicago Comport Jim McMahon made a 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 amidst those in the bank loan world.
The restaurant was offset called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business partners. Co-ordinate to reports, the eatery 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 office as a guest gauge on season 4 of MasterChef? In 2008, she backed a Los Angeles eating place chosen Beso. The identify was a hot spot for quite some time before closing its doors in 2011 amidst a ton of drama.
The business organisation filed for bankruptcy in club to restructure $5.7 one thousand thousand 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 noun, Viva Hollywood, but that eating place somewhen airtight every bit well.
Jay-Z – J-Hotels
The globe'southward first billionaire rapper is no stranger to successful business organisation ventures, but the thought that "the sky is the limit" definitely doesn't apply here. 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, but lack of funding and a recession halted the construction.
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 concord in 2008. Information technology looks similar it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's take a break from restaurants and hotels for a while and go to 2008, which actually seemed to exist a prime time for celebrity business investments and hotels. Natalie Portman was ahead of her fourth dimension when she collaborated with Té Casan to create a vegan shoe line.
Equally 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 go. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's website disappeared past the cease 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 organization ventures and invested in a large café in Atlanta that seated 105 guests.
The carte consisted of high-quality dishes that were as well considered salubrious. Although it seemed like a decent idea and the buffet had big expansion dreams, the success didn't last. Three years later, Buffet Dupri had to close its doors after struggling to brand enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, House of Deréon was a style line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce'southward maternal grandmother.
The manner mixed the influences of hip hop with loftier way, and although it seemed similar it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line likewise came under burn for its advertizement with little 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 fiddle in the fashion globe. The eccentric singer is known for her fashion sense, and then it seemed simply 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 shop, with her sis in 2010.
The store'southward location was ane of the reasons for its failure — London'due south Covent Garden. High real estate prices forced the company to move to a somewhat cheaper property in Soho, only information technology wasn't plenty to salvage the business, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Young in 2014. It was really successfully crowdfunded via the popular platform Kickstarter, where it raised $6.ii one thousand thousand. The device was advertised as a mod-solar day iPod with howdy-resolution music service, merely it was criticized for its poor design and loftier toll tag ($400).
Three years later, Neil Young ceased operations and closed the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging too much for hi-res music formats, and the 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 amid pop moving picture props attracted endorsements from some of the biggest Hollywood names, simply 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 it could financially sustain itself and make a profit. This prompted investors like Arnold Schwarzenegger to move on and cut ties with the business concern. Planet Hollywood is however 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 idea likewise. In 1997, he dabbled in the food manufacture in an attempt to brand more coin, of course. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, it managed to last a surprisingly long time.
Based in Costa Mesa, California, information technology featured the exclusive look and style of a golf clubhouse that was open to the public. Ironically, it opened right beyond from Planet Hollywood, which was closing at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its fourth dimension, 38 Studios was the brainchild of Brusk Schilling, who had a different vision than most sports celebrities. The sometime Carmine Sox bullpen wanted to try something new, so he launched a video game concern in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an action office-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 after only releasing a single 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, 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 bereft marketing efforts to launch the liqueur, and he sued the company in 2013 after information technology appeared to abandon the bargain before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavour Flav? In 2011, the pop rapper decided to combine his dearest of fast nutrient with business concern by opening a restaurant in Clinton, Iowa. Although information technology sounds yummy, the business actually didn't last that long. In fact, it's i of the shortest examples of concern failure on the list — 3 months.
The restaurant airtight its doors due to a fallout between Flavor Flav and his business partner, Nick Cimino. The 2 clashed over operations and money management, leading Flav to make up one's mind that fast food actually wasn't for him subsequently all — at least when it came to running a business.
50 Cent – Magic Stick Prophylactic
Magic Stick was l Cent'southward endeavour at a unique business venture — in condoms. Yeah, you read that correct. In 2008, the rapper created a line of condoms, just he patently failed to understand the reason behind condoms in the offset place. His company'due south condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked most his failed concern venture, and he said, "It simply didn't work out because I wanted things in it that wouldn't work." P.S.: "Processed Store" lyrics were written way 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 awesome married man. In 2014, she decided to launch a lifestyle website. The timing was perfect, equally celebrity lifestyle websites were at their top, just Lively wasn't a big enough lifestyle figure to attract much interest.
Celebrity product endorsements are often too expensive for the general public and can also feel fake, which raises concerns when information technology comes to trust. The website was abandoned nigh a twelvemonth afterward, and her lifestyle venture was never mentioned again. That'southward okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient turn a profit. Information technology belonged to Heidi Montag, a pop reality boob tube character who wanted to be known for more than but her dramatic TV 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 Goggle box and is withal a prominent figure in the celebrity gossip world, and then she bounced dorsum financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the just Hilton making money moves. Back in the mean solar day, 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 afterward Chicago.
Hilton planned to piece of work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her appetite was to combine the globe of entertainment with luxury and pattern. However, the project failed to see the calorie-free of day after a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the listing again, J.Lo'due south high-end Sweetface clothing line was withal another failure in the celebrity mode world. Attempting to combine urban streetwear with modern mode, the line failed to evangelize anything unique that couldn't be found for a cheaper price in a store downwardly the street — co-ordinate to shoppers' feedback.
Customers complained nigh high prices too as the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely end the line'southward production in 2009. Fun fact: Sweetface was J.Lo's 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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