Official Donald Trump Make America Great Again Tactical Helmet
Investing in a business concern to ensure you lot take a stable income seems like a wise conclusion — until information technology isn't. Even celebrities who already accept a ton of greenbacks can't be careless about choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, but information technology takes careful planning to avoid embarrassing business concern disasters.
Depending on your age, you probably remember these unforgettable celebrity business organization flops. Think you lot can guess who lost the most? Allow'south take a look!
Britney Spears – Nyla Eatery
When Britney Spears opened Nyla Eatery 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 deviation from the business occurred in the same year afterwards she butted heads with the management, who claimed she was responsible for the restaurant'due south debt and other financial issues. Fun fact: The eating house 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, but non all their business organisation ventures accept been a success. Have the Kardashian Kard, for instance. In 2010, the Kardashians appear a controversial debut of a prepaid debit carte du jour featuring the sisters' faces on the front end. The business failed a month afterwards its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, peculiarly for the Kardashians' largely young developed fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family'south attorney to take firsthand action and finish the business to protect their reputation.
Kanye Westward – Pastelle Clothing Line
Yeezy has had plenty of mode debuts during his career, and not all of them have been successful — or inspiring. Before his other fashion 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 curt, a lot of drama happened, and according to reports, the investors didn't want to invest a sufficient amount of coin to become the business off the ground. Kanye himself said you need to invest at least $100 million 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 about his concern failures. Ane of those epic failures was a very aggressive airline. Dorsum 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 cost Trump $1 million per shipping. Three months after the launch, one of his planes most crashed. The near miss, rising fuel prices and a banking company loan of $380 1000000 made Trump decide it was time to exit his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business. The Hilton heir has fabricated quite a proper name for herself, just not every idea resulted in cash in the banking company. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular clothing label, and absolutely everyone was buzzing nigh information technology. The collection basically had Paris' face up and proper name on almost every commodity of habiliment. Unfortunately, the celebrity didn't last long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the town when she decided to operate a cablevision aqueduct accessible to eighty one thousand thousand homes. The Oprah Winfrey Network (Own) was an ambitious idea, with more than $500 million 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 dissimilar other celebrities on our list, Oprah still hasn't completely given up on her business venture. Who knows? Maybe OWN is finally on rail to pull itself out of some dark days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, merely non all restaurants have a matter for celebs. Madre'due south was inspired by J.Lo'due south 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 restaurant with a niggling bit of sexiness to it."
It lasted about vi years earlier mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture's most typical dishes, but J.Lo's name wasn't enough to entice the public. No official reason was e'er given for the decision to close information technology down, but the assumption is poor functioning.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided it was time to savor some passive income in the form of business ventures. In 1995, she became the confront of a glamour-themed cafe chain called Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and skillful buzz, just the novelty eventually faded, and it failed to brand the necessary profit to stay open. To pinnacle it all off, the business partners got involved in a coin laundering scandal, making it clear that it was better for this buffet concatenation to close its doors for practiced.
Steven Spielberg – Dive Restaurant
Steven Spielberg's heed seems to overflow with amazing ideas, simply Dive Restaurant wasn't 1 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 fifty-fifty featured a simulated diving session experience.
That still wasn't plenty to amuse the demanding Beverly Hills crowd, and the novelty of it started to habiliment 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 practice in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its peak, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating feel. Who wouldn't want to be potent and tough like Hulk Hogan, right? Although information technology definitely seemed like a solid business investment thought back in 1995, it didn't work out in the end.
The menu wasn't that unlike from your standard pasta eatery bill of fare, apart from the fact that information technology was branded by anybody's favorite wrestling guy. The restaurant close its doors nearly a twelvemonth later, allowing the Pastamania name to exist 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 turn a profit back in the 24-hour interval. 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.
Most of the Trump Mortgage failure came down to poor timing, every bit the 2006 recession struck, and the mortgage lending industry began to crumble with the marketplace crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially airtight down after failing to thrive in the struggling marketplace.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular fellow 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. Later on, the order launched in several other locations, including Chicago.
The hype of the celebrity-endemic nightclub died down later it was reported that the New York location got defenseless serving alcohol to minors and had to close downward in 2012. A few years afterward, they too closed the Chicago location — and that was the cease of the Fall Out Boy nightclub.
Jim McMahon – McMahon'southward Steakhouse
Ex-Chicago Bear Jim McMahon made a proper name for himself in the NFL in the '90s and too 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 amid those in the bank loan world.
The eating place was first called Chicago Stadium, but the owners of the Chicago Stadium chop-chop sued McMahon and his other concern partners. According to reports, the restaurant 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 judge on season 4 of MasterChef? In 2008, she backed a Los Angeles eating house chosen Beso. The place was a hot spot for quite some time before closing its doors in 2011 amidst a ton of drama.
The concern filed for bankruptcy in lodge to restructure $5.7 meg 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 eating place somewhen closed besides.
Jay-Z – J-Hotels
The world'due south first billionaire rapper is no stranger to successful concern ventures, merely the idea that "the heaven 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 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 hold in 2008. It looks like information technology never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Permit's take a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime 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 need to invest in something she believes in, and she felt a shoe line was definitely the style to become. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — non 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 superlative of his game. In 2005, he decided to effort other business organization ventures and invested in a large café in Atlanta that seated 105 guests.
The carte du jour consisted of loftier-quality dishes that were also considered healthy. Although it seemed like a decent thought and the buffet had big expansion dreams, the success didn't last. Three years afterward, Cafe Dupri had to shut its doors after struggling to make enough profit.
Beyonce – House of Deréon
That'south right — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, Business firm of Deréon was a way line Beyonce collaborated with her female parent, Tina Knowles, to create in 2006. The name paid tribute to Beyonce's maternal grandmother.
The mode mixed the influences of hip hop with high fashion, and although it seemed similar information technology was taking off at get-go, it was ultimately criticized for its high prices. In 2008, the line as well came under burn down for its advert with petty 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 fashion world. The eccentric singer is known for her fashion sense, so it 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 wearable store, with her sis in 2010.
The store's location was one of the reasons for its failure — London'south Covent Garden. Loftier existent estate prices forced the visitor to move to a somewhat cheaper property in Soho, just it wasn't enough to save the business, and it ceased operations in 2012.
Neil Young – 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 information technology raised $6.2 one thousand thousand. The device was advertised as a modern-day iPod with howdy-resolution music service, simply it was criticized for its poor blueprint and high price tag ($400).
Iii years later, Neil Young ceased operations and closed the PonoMusic shop, which sold downloadable music. The reason? Record companies were charging too much for how-do-you-do-res music formats, and the business concern couldn't brand a profit, despite the steep price 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 movie props attracted endorsements from some of the biggest Hollywood names, just it 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 like Arnold Schwarzenegger to movement on and cutting ties with the business concern. Planet Hollywood is however around merely 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 thought too. In 1997, he dabbled in the food industry in an attempt to make more than money, of form. 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, it featured the exclusive look and mode 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.
Brusque Schilling – 38 Studios
A unique concern venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a different vision than almost sports celebrities. The one-time Carmine Sox pitcher wanted to endeavour something new, then 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 function-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor alleged bankruptcy in 2012 afterwards only releasing a single game. Despite the business' failure, the game was pretty well received by the gaming customs.
Pharrell Williams – Qream Liqueur
Pharrell Williams ever had big visions and a expert ear for music, but in 2011, the pop 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 company in 2013 afterwards it appeared to abandon the bargain before the contract was over. The beverage wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Season Flav – Season Flav's Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast nutrient with business by opening a restaurant in Clinton, Iowa. Although information technology sounds yummy, the business really didn't last that long. In fact, it'southward one of the shortest examples of business organization failure on the listing — three months.
The eating house closed its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and money direction, 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.
50 Cent – Magic Stick Safety
Magic Stick was 50 Cent'due south try at a unique business venture — in condoms. Aye, you read that right. In 2008, the rapper created a line of condoms, merely he apparently failed to understand the reason behind condoms in the first place. His company's condoms were laced with chemicals designed to increment the wearer's sexual operation.
The rapper was asked well-nigh his failed business venture, and he said, "It merely didn't work out considering I wanted things in it that wouldn't work." P.Due south.: "Processed Shop" lyrics were written way earlier the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of 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, as celebrity lifestyle websites were at their height, but Lively wasn't a big enough lifestyle figure to attract much interest.
Glory product endorsements are often also expensive for the general public and tin can also feel fake, which raises concerns when information technology comes to trust. The website was abandoned nigh a year later, and her lifestyle venture was never mentioned again. That's okay, she'southward 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 boob tube character who wanted to be known for more than than only her dramatic Tv roles. She launched Heidiwood in 2007 in collaboration with Anchor Blueish Retail.
Although the line looked promising, customers didn't really care for the overpriced items, and her contract wasn't renewed the post-obit year. She returned to reality TV and is still a prominent effigy in the celebrity gossip world, so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the but Hilton making coin moves. Back in the day, her sister Nicky Hilton wanted to stay true to her family legacy and open up a hotel concatenation of her own. Nicky O Hotels was a premier luxury hotel make, prepare 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 world of entertainment with luxury and pattern. Nevertheless, the project failed to see the light of day after a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the listing again, J.Lo'southward high-end Sweetface clothing line was yet another failure in the celebrity way world. Attempting to combine urban streetwear with mod fashion, the line failed to deliver anything unique that couldn't be found for a cheaper toll in a store down the street — according to shoppers' feedback.
Customers complained nigh high prices besides equally the quality of the dress. Negative feedback and poor sales forced Kohl's to completely cease the line's production in 2009. Fun fact: Sweetface was J.Lo'south nickname, given to her by 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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