Trump Says Make Christmas Great Again
Investing in a business to ensure you accept a stable income seems like a wise decision — until information technology isn't. Even celebrities who already take a ton of greenbacks can't be careless about choosing investments if they desire to stay rich. From restaurants to wear lines, the opportunities are plentiful, merely it takes conscientious planning to avoid embarrassing business disasters.
Depending on your historic period, yous probably remember these unforgettable celebrity business concern flops. Think you lot can guess who lost the virtually? Let's have a expect!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the buzz was real. She was in her prime years, and information technology seemed logical she would invest in a different blazon of business concern. Nyla was located in the Dylan Hotel in Manhattan, New York Metropolis.
Her departure from the business organization occurred in the same year later she butted heads with the direction, who claimed she was responsible for the eating place's debt and other financial bug. 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 are definitely business moguls, just not all their concern ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit carte featuring the sisters' faces on the front end. The business failed a month later on its launch when the legality of certain fees raised concerns.
An chaser claimed the high fees were unfair and unethical, especially for the Kardashians' largely young developed fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family unit's attorney to have immediate action and finish the business concern 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 have been successful — or inspiring. Earlier his other manner lines, there was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle wear line in collaboration with Adidas.
In curt, a lot of drama happened, and according to reports, the investors didn't desire to invest a sufficient amount of money to get the business off the footing. Kanye himself said you 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 nearly 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 between Washington D.C., Boston and New York.
Ruddy carpets, gold and other luxury elements cost Trump $ane one thousand thousand per aircraft. Three months later the launch, one of his planes about crashed. The near miss, rise fuel prices and a bank loan of $380 1000000 made Trump decide information technology was fourth dimension to leave his aviation dreams behind and endeavor something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven plenty of times that Paris Hilton knows what she's doing when information technology comes to business. The Hilton heir has fabricated 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 pop clothing label, and absolutely everyone was buzzing nigh it. The collection basically had Paris' face and name on most every clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more than appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the town when she decided to operate a cablevision channel attainable to 80 million homes. The Oprah Winfrey Network (Own) was an ambitious idea, with more than $500 million invested in the project. Unfortunately, her squad failed from the showtime to empathize what people responded to and how they watched cablevision channels. Low ratings and viewership hit the network difficult.
OWN was arguably Oprah's biggest failure, but unlike other celebrities on our list, Oprah nevertheless hasn't completely given up on her concern venture. Who knows? Maybe Own is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre's Eatery
Celebrities take a thing for restaurants, but non all restaurants have a affair for celebs. Madre's was inspired past J.Lo's mom and grandmother'southward cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described information technology as "a family restaurant with a little bit of sexiness to information technology."
Information technology lasted about half-dozen years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's most typical dishes, but J.Lo's proper noun wasn't enough to entice the public. No official reason was always given for the decision to shut it down, but the supposition is poor performance.
Naomi Campbell & Friends – The Mode Cafe
In her prime (mid-1990s), Naomi Campbell decided information technology was fourth dimension to savour some passive income in the grade 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.
It had a solid start and proficient buzz, simply the novelty eventually faded, and it failed to make the necessary profit to stay open up. To pinnacle it all off, the business partners got involved in a coin laundering scandal, making it clear that it was better for this cafe chain to close its doors for skillful.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, just Dive Eating house wasn't one of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The place was filled with impressive dive-themed decor and even featured a imitation diving session experience.
That withal wasn't enough to charm the enervating 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. 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 Restaurant
When Hulkmania was at its meridian, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be strong and tough like Hulk Hogan, correct? Although it definitely seemed like a solid business investment thought back in 1995, it didn't work out in the end.
The menu wasn't that different from your standard pasta restaurant card, apart from the fact that information technology was branded past anybody'southward favorite wrestling guy. The restaurant shut its doors most a year afterward, allowing the Pastamania proper name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the merely Trump business venture that failed to turn a turn a profit dorsum in the solar day. With his focus on real estate, it's non surprising he tried to dip into the mortgage business. The success of this venture was very short lived.
Near 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 marketplace crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially airtight downwards after failing to thrive in the struggling market place.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Autumn Out Male child, and several other musicians decided it was fourth dimension to open a nightclub. Wentz claimed he simply wanted a place for him and his friends to hang out. Afterwards, the order 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 caught serving alcohol to minors and had to close downwards in 2012. A few years later on, they also closed the Chicago location — and that was the stop of the Fall Out Boy nightclub.
Jim McMahon – McMahon's 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 eating house — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine among those in the banking company loan world.
The restaurant was first called Chicago Stadium, but the owners of the Chicago Stadium chop-chop sued McMahon and his other business partners. According to reports, the eating place participated in some shady business practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Eatery and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her function equally a guest judge on flavour 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some fourth dimension earlier endmost its doors in 2011 among a ton of drama.
The business filed for bankruptcy in order to restructure $v.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new buying (without Longoria) and with a new proper noun, Viva Hollywood, but that restaurant eventually closed as well.
Jay-Z – J-Hotels
The world's first billionaire rapper is no stranger to successful business 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 up in Manhattan's Chelsea area, only 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 concern project was put on agree in 2008. It looks like it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let'southward take a intermission from restaurants and hotels for a while and become to 2008, which actually seemed to be a prime 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 become. Unfortunately, the high price of the shoes didn't exactly entreatment to consumers — not fifty-fifty diehard vegans — and the shoe line's website disappeared by the stop 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 besides considered salubrious. Although information technology seemed like a decent idea and the cafe had large expansion dreams, the success didn't last. Three years later, Cafe Dupri had to shut its doors after struggling to make enough profit.
Beyonce – House of Deréon
That's correct — Queen B has experienced many failures along with her success. Sounding like a firm out of Game of Thrones, Firm of Deréon was a manner line Beyonce collaborated with her female parent, Tina Knowles, to create in 2006. The proper noun paid tribute to Beyonce's maternal grandmother.
The manner mixed the influences of hip hop with high fashion, and although it seemed like information technology was taking off at showtime, it was ultimately criticized for its high prices. In 2008, the line besides came nether fire for its ad with piffling girls wearing total makeup and high heels. The star discontinued the line in 2012 without formal detect.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the style world. The eccentric vocaliser is known for her fashion sense, and so it seemed only off-white to run into 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 sis in 2010.
The store'southward location was i of the reasons for its failure — London's Covent Garden. Loftier real estate prices forced the visitor to motion to a somewhat cheaper property in Soho, only it wasn't plenty to salve the business concern, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern concern venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $half-dozen.2 million. The device was advertised as a modern-solar day iPod with hi-resolution music service, simply information technology was criticized for its poor pattern and high price tag ($400).
Three years after, Neil Immature 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 business couldn't brand 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 than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating among pop motion picture props attracted endorsements from some of the biggest Hollywood names, but it wasn't all sunshine and rainbows.
The business concern filed for defalcation 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 concern. Planet Hollywood is however effectually 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 too. In 1997, he dabbled in the nutrient manufacture in an attempt to make more coin, of grade. The theme of The Clubhouse was golf game, 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 fashion of a golf clubhouse that was open up to the public. Ironically, information technology opened right beyond from Planet Hollywood, which was endmost at the time. The business organization began to neglect in 2007.
Curt Schilling – 38 Studios
A unique business concern venture for its fourth dimension, 38 Studios was the brainchild of Brusque Schilling, who had a different vision than most sports celebrities. The former Blood-red Sox pitcher wanted to attempt something new, so he launched a video game business in 2006. Unfortunately, game evolution takes years, and that was hard to sell to investors.
The visitor released an action role-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 later on only releasing a unmarried game. Despite the business' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had large visions and a proficient ear for music, but in 2011, the popular producer ventured into the earth 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 after it appeared to carelessness the deal before the contract was over. The beverage wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav'due south Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast food with business concern by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business really didn't last that long. In fact, it's one of the shortest examples of business failure on the list — three months.
The restaurant closed its doors due to a fallout between Flavor Flav and his business organisation partner, Nick Cimino. The two clashed over operations and money management, leading Flav to make up one's mind that fast food really wasn't for him afterwards all — at least when information technology came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was l Cent's try at a unique business venture — in condoms. Aye, 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 first identify. His company's condoms were laced with chemicals designed to increase the wearer'south sexual functioning.
The rapper was asked about his failed business organization venture, and he said, "It just didn't piece of work out because I wanted things in information technology that wouldn't piece of work." P.S.: "Candy 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 than awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their pinnacle, but Lively wasn't a big enough lifestyle figure to attract much interest.
Celebrity product endorsements are ofttimes likewise expensive for the general public and can besides feel fake, which raises concerns when information technology comes to trust. The website was abased nigh a year after, and her lifestyle venture was never mentioned again. That'due south 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 make sufficient profit. It belonged to Heidi Montag, a popular reality television character who wanted to exist known for more just 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 post-obit twelvemonth. She returned to reality TV and is withal a prominent effigy 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. Back in the mean solar day, her sis 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 after 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 globe of entertainment with luxury and design. All the same, the projection failed to see the low-cal of day later 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 withal another failure in the celebrity fashion world. Attempting to combine urban streetwear with modernistic fashion, the line failed to deliver annihilation unique that couldn't be found for a cheaper toll in a store down the street — according to shoppers' feedback.
Customers complained near high prices every bit well as the quality of the clothes. 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 quondam 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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