Donald Trump Make America Great Again Commemorative Coin
Investing in a business to ensure you have a stable income seems similar a wise decision — until information technology isn't. Even celebrities who already accept a ton of cash tin't exist careless near choosing investments if they desire to stay rich. From restaurants to article of clothing lines, the opportunities are plentiful, just it takes careful planning to avoid embarrassing business disasters.
Depending on your historic period, you probably call up these unforgettable celebrity business organization flops. Call up you can gauge who lost the near? Allow'due south take a wait!
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 concern. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her divergence from the business organization occurred in the aforementioned year after she butted heads with the management, who claimed she was responsible for the eatery's debt and other fiscal bug. Fun fact: The eating house was supposed to be chosen "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business concern moguls, only non all their business ventures have been a success. Take 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 on 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 developed fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family's chaser to take firsthand action and terminate the concern to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other fashion lines, in that location was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle habiliment 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 off the basis. Kanye himself said you need to invest at least $100 million when you lot'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 nigh his business organisation failures. One 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 between Washington D.C., Boston and New York.
Cerise carpets, golden and other luxury elements cost Trump $1 million per aircraft. Three months subsequently the launch, one of his planes almost crashed. The near miss, rising fuel prices and a banking company loan of $380 one thousand thousand made Trump decide it was time to leave 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 concern. The Hilton heir has made quite a name for herself, but not every idea resulted in greenbacks in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular wear characterization, and admittedly everyone was buzzing about it. The collection basically had Paris' face and name on nearly every commodity of habiliment. 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 boondocks when she decided to operate a cable channel attainable to lxxx 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 cable channels. Depression ratings and viewership hit the network hard.
OWN was arguably Oprah'due south biggest failure, but unlike other celebrities on our list, Oprah still hasn't completely given upward on her business venture. Who knows? Maybe Ain is finally on track to pull itself out of some nighttime days.
Jennifer Lopez – Madre'south Restaurant
Celebrities accept a affair for restaurants, but not all restaurants have a affair for celebs. Madre's was inspired by J.Lo'due south mom and grandmother'southward cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described it equally "a family unit eatery with a little bit of sexiness to it."
It lasted almost half-dozen years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture'south most typical dishes, but J.Lo's name wasn't plenty to entice the public. No official reason was always given for the determination to close it downward, just the assumption is poor performance.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided it 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 Style Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
Information technology had a solid starting time and expert buzz, but the novelty eventually faded, and it failed to make the necessary turn a profit to stay open up. To peak it all off, the concern partners got involved in a money laundering scandal, making it articulate that it was better for this cafe chain to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg'southward mind seems to overflow with amazing ideas, but Swoop Restaurant wasn't ane of them. In 1994, he decided to open a nautical-themed eating place in Beverly Hills. The identify was filled with impressive dive-themed decor and even 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 wear 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 experience. Who wouldn't want to exist stiff and tough similar Hulk Hogan, right? Although it definitely seemed like a solid business organisation investment thought back in 1995, it didn't piece of work out in the end.
The menu wasn't that dissimilar from your standard pasta eating place bill of fare, autonomously from the fact that information technology was branded by everyone'due south favorite wrestling guy. The restaurant close its doors most a twelvemonth after, allowing the Pastamania name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the just Trump business venture that failed to turn a profit back in the day. With his focus on real estate, information technology'due south not surprising he tried to dip into the mortgage business. The success of this venture was very brusk lived.
Most of the Trump Mortgage failure came down to poor timing, equally the 2006 recession struck, and the mortgage lending manufacture began to crumble with the marketplace crash. Everything was questioned, including the CEO'southward background. In 2007, Trump Mortgage officially closed down after declining 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 up a nightclub. Wentz claimed he merely 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 celebrity-owned nightclub died down later on it was reported that the New York location got defenseless serving alcohol to minors and had to shut down in 2012. A few years later, they also 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 proper name for himself in the NFL in the '90s and also thought he could make a name for himself past investing in a eating house — a steakhouse in Chicago. Unfortunately, McMahon got into business concern with some pretty questionable characters whose reputation wasn't pristine amidst those in the bank loan world.
The restaurant was first called Chicago Stadium, only the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the restaurant participated in some shady business 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 role as a guest estimate on flavour 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The identify was a hot spot for quite some time before endmost its doors in 2011 amidst a ton of drama.
The business organization filed for bankruptcy in order to restructure $5.7 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 name, Viva Hollywood, merely that restaurant somewhen airtight as well.
Jay-Z – J-Hotels
The world's first billionaire rapper is no stranger to successful business ventures, only the idea that "the heaven is the limit" definitely doesn't utilise here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan'due south 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 projection was put on hold in 2008. It looks like it 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 number 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 high price of the shoes didn't exactly entreatment to consumers — not even diehard vegans — and the shoe line'due south website disappeared by 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 organisation ventures and invested in a large café in Atlanta that seated 105 guests.
The bill of fare consisted of loftier-quality dishes that were likewise considered healthy. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. Three years later on, Buffet Dupri had to close its doors after struggling to make enough turn a profit.
Beyonce – House of Deréon
That'southward right — Queen B has experienced many failures forth with her success. Sounding like a firm out of Game of Thrones, Business 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 information technology seemed like it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under burn down for its advertizement with petty girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal find.
Lily Allen – Lucy in Disguise
Lily Allen besides tried to dabble in the fashion world. The eccentric vocalizer is known for her fashion sense, so it seemed only fair to see if the rest of the world (or at least London) would grab on to her look. She opened Lucy in Disguise, a vintage article of clothing store, with her sis in 2010.
The store's location was i 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, simply it wasn't enough to salvage the business organization, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern business venture launched past Neil Young in 2014. It was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $6.two million. The device was advertised as a modernistic-24-hour interval iPod with hello-resolution music service, but it was criticized for its poor design and high cost tag ($400).
Three years later on, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging too much for hi-res music formats, and the business organisation couldn't brand a turn 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 than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating amongst popular movie props attracted endorsements from some of the biggest Hollywood names, but 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 motility on and cutting ties with the business. Planet Hollywood is still around only 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 food industry in an attempt to brand more money, of course. The theme of The Clubhouse was golf, and unlike many other glory restaurants, it managed to final a surprisingly long time.
Based in Costa Mesa, California, it featured the sectional expect and style of a golf game 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 fail in 2007.
Curt Schilling – 38 Studios
A unique business organization venture for its fourth dimension, 38 Studios was the brainchild of Brusque Schilling, who had a different vision than most sports celebrities. The old Red Sox bullpen wanted to try something new, so he launched a video game business in 2006. Unfortunately, game development takes years, and that was difficult to sell to investors.
The company released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 afterwards merely releasing a single game. Despite the business concern' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had big visions and a skillful ear for music, just 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 later on it appeared to abandon the deal earlier the contract was over. The potable wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavour Flav'south Chicken & Ribs
Who doesn't know Season Flav? In 2011, the pop rapper decided to combine his beloved of fast food with business by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business actually didn't last that long. In fact, it'southward one of the shortest examples of business failure on the listing — 3 months.
The restaurant closed its doors due to a fallout between Season Flav and his business organization partner, Nick Cimino. The two clashed over operations and coin management, leading Flav to decide that fast nutrient really wasn't for him after all — at least when it came to running a business organisation.
fifty Cent – Magic Stick Rubber
Magic Stick was l Cent'southward attempt at a unique business venture — in condoms. Yes, y'all read that right. In 2008, the rapper created a line of condoms, but he evidently failed to empathise the reason backside condoms in the first place. His company's condoms were laced with chemicals designed to increase the wearer'southward sexual performance.
The rapper was asked nigh 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.South.: "Candy Shop" lyrics were written style before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of humour she shares with her even more awesome husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, but Lively wasn't a big enough lifestyle figure to attract much involvement.
Glory product endorsements are often too expensive for the general public and can too experience simulated, which raises concerns when information technology comes to trust. The website was abandoned most a year later on, and her lifestyle venture was never mentioned again. That's okay, she's notwithstanding 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 television character who wanted to be known for more than than just her dramatic Television roles. She launched Heidiwood in 2007 in collaboration with Ballast Bluish Retail.
Although the line looked promising, customers didn't actually 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 figure in the glory gossip world, so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the just Hilton making money moves. Back in the day, her sister Nicky Hilton wanted to stay true to her family unit legacy and open a hotel chain 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 design. However, the projection failed to run into the light of day after a lawsuit against Hilton highlighted an declared breach of contract.
Jennifer Lopez – Sweetface
Making the listing over again, J.Lo'southward high-end Sweetface wearable line was yet another failure in the celebrity fashion world. Attempting to combine urban streetwear with modern fashion, the line failed to deliver annihilation unique that couldn't be found for a cheaper price in a shop down the street — according to shoppers' feedback.
Customers complained nearly high prices as well equally the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely end the line's production in 2009. Fun fact: Sweetface was J.Lo'south nickname, given to her past 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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