Donald Trump Christmas Sweater Make Christmas Great Again
Investing in a business to ensure you accept a stable income seems like a wise decision — until it isn't. Fifty-fifty celebrities who already have a ton of cash tin can't be careless about choosing investments if they desire to stay rich. From restaurants to clothing lines, the opportunities are plentiful, but it takes conscientious planning to avoid embarrassing business disasters.
Depending on your age, you probably remember these unforgettable celebrity business flops. Call up you can judge who lost the near? Let's accept a expect!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the fizz was real. She was in her prime years, and it seemed logical she would invest in a different type of concern. Nyla was located in the Dylan Hotel in Manhattan, New York Metropolis.
Her deviation from the business concern occurred in the same year after she butted heads with the management, who claimed she was responsible for the eatery'due south debt and other fiscal issues. Fun fact: The eatery 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 concern moguls, but not all their business ventures take been a success. Have the Kardashian Kard, for example. In 2010, the Kardashians announced a controversial debut of a prepaid debit menu featuring the sisters' faces on the front end. The concern failed a month after its launch when the legality of certain fees raised concerns.
An chaser claimed the loftier fees were unfair and unethical, especially for the Kardashians' largely young adult 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 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 short, a lot of drama happened, and according to reports, the investors didn't want to invest a sufficient amount of money to get the business off the basis. Kanye himself said y'all 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 man of affairs, but not many people know about his business failures. I of those epic failures was a very aggressive 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.
Scarlet carpets, gold and other luxury elements cost Trump $one meg per aircraft. 3 months after the launch, one of his planes nearly crashed. The well-nigh miss, rising fuel prices and a banking company loan of $380 1000000 made Trump determine information technology was fourth dimension to get out his aviation dreams backside and attempt 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, only not every idea resulted in cash in the banking company. 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 almost every commodity of clothing. Unfortunately, the celebrity 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 accessible to 80 million 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 empathize what people responded to and how they watched cable channels. Low ratings and viewership hitting the network hard.
Ain was arguably Oprah'south biggest failure, but different other celebrities on our listing, Oprah nonetheless hasn't completely given upward on her business venture. Who knows? Perchance Ain is finally on track to pull itself out of some night days.
Jennifer Lopez – Madre'south Restaurant
Celebrities have a thing for restaurants, but not all restaurants accept a thing for celebs. Madre's was inspired by J.Lo'southward mom and grandmother's cooking, and it started its bumpy journey 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 nigh six years earlier mysteriously closing its doors in 2008. The Latin American eating house featured some of the civilization'due south well-nigh typical dishes, just J.Lo'south name wasn't enough to entice the public. No official reason was ever given for the decision to close it down, but the assumption is poor performance.
Naomi Campbell & Friends – The Mode Buffet
In her prime (mid-1990s), Naomi Campbell decided it was time to savour some passive income in the form 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 proficient buzz, but the novelty eventually faded, and it failed to make the necessary profit to stay open. To pinnacle information technology all off, the business organisation partners got involved in a money laundering scandal, making information technology clear that it was improve for this cafe chain to close its doors for good.
Steven Spielberg – Swoop Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, but Dive Restaurant wasn't one of them. In 1994, he decided to open a nautical-themed eatery in Beverly Hills. The identify was filled with impressive swoop-themed decor and fifty-fifty featured a simulated diving session feel.
That nonetheless wasn't plenty to amuse the demanding Beverly Hills crowd, and the novelty of it started to wear off, resulting in dismal trade sales, which were a huge selling point for the business. In 1999, the eatery officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Blob Hogan – Pastamania Restaurant
When Hulkmania was at its summit, Blob Hogan decided to introduce Minneapolis' Mall of America to the ultimate Blob eating experience. Who wouldn't want to exist strong and tough like Blob Hogan, correct? Although it definitely seemed like a solid concern investment idea back in 1995, it didn't piece of work out in the end.
The menu wasn't that different from your standard pasta eating house carte, apart from the fact that it was branded by anybody'south favorite wrestling guy. The restaurant close its doors nigh a year later, assuasive the Pastamania proper noun to be used past a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the just Trump business venture that failed to plow a profit dorsum in the solar day. With his focus on real estate, information technology'southward not surprising he tried to dip into the mortgage business concern. The success of this venture was very short lived.
Most of the Trump Mortgage failure came downwardly 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's background. In 2007, Trump Mortgage officially closed down after failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Male child, and several other musicians decided it was time to open up a nightclub. Wentz claimed he but wanted a place for him and his friends to hang out. Later, the club launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died downward later on it was reported that the New York location got caught serving booze to minors and had to close downward 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's Steakhouse
Ex-Chicago Carry Jim McMahon made a proper name for himself in the NFL in the '90s and also idea he could make a proper noun for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business organisation with some pretty questionable characters whose reputation wasn't pristine among those in the banking company loan world.
The restaurant was get-go called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business organization partners. According to reports, the restaurant participated in some shady business organisation practices, and McMahon had to distance himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a invitee judge on flavour 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 amidst a ton of drama.
The business concern 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 buying (without Longoria) and with a new name, Viva Hollywood, only that restaurant eventually airtight every bit well.
Jay-Z – J-Hotels
The world's showtime billionaire rapper is no stranger to successful business ventures, merely the idea that "the heaven 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'south Chelsea area, only lack of funding and a recession halted the structure.
The recession going on at the time basically made it harder to become the funding needed, and the whole business project was put on hold in 2008. Information technology looks similar it never resumed, probably because Jay-Z became interested in plenty of other highly-seasoned ventures.
Natalie Portman – Té Casan
Permit's accept a pause from restaurants and hotels for a while and go to 2008, which actually seemed to be a prime time for celebrity business investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
Every bit a long-term vegan, she felt the need to invest in something she believes in, and she felt a shoe line was definitely the way to become. Unfortunately, the high cost of the shoes didn't exactly entreatment 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 pinnacle of his game. In 2005, he decided to endeavor other business organization ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were too considered salubrious. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't concluding. Three years later, Cafe Dupri had to close its doors later struggling to make enough turn a profit.
Beyonce – Firm of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding similar a firm out of Game of Thrones, House of Deréon was a mode line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce'due south maternal grandmother.
The style mixed the influences of hip hop with high mode, and although information technology seemed like information technology was taking off at first, it was ultimately criticized for its loftier prices. In 2008, the line likewise came under burn down for its advertising 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 as well tried to dabble in the mode earth. The eccentric singer is known for her fashion sense, so information technology seemed simply fair to see if the residual of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing shop, with her sister in 2010.
The store's location was 1 of the reasons for its failure — London'southward Covent Garden. Loftier real manor prices forced the company to motility to a somewhat cheaper property in Soho, merely it wasn't enough to save the business, and information technology 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 modern-day iPod with how-do-you-do-resolution music service, but it was criticized for its poor design and high cost tag ($400).
Iii years afterwards, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging too much for how-do-you-do-res music formats, and the business organization couldn't make 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 among popular movie props attracted endorsements from some of the biggest Hollywood names, but it wasn't all sunshine and rainbows.
The business organisation 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 cut ties with the business. Planet Hollywood is all the same around but 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 thought too. In 1997, he dabbled in the food manufacture in an attempt to make more coin, of course. The theme of The Clubhouse was golf game, and dissimilar many other celebrity restaurants, it managed to last a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the exclusive look and style of a golf game clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was closing at the fourth dimension. The business concern began to neglect in 2007.
Brusk Schilling – 38 Studios
A unique business organisation venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a different vision than nigh sports celebrities. The former Ruddy Sox bullpen wanted to try something new, then he launched a video game business in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The visitor released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 after merely releasing a single game. Despite the business concern' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had large visions and a skilful 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 company in 2013 after information technology appeared to carelessness the deal before the contract was over. The beverage wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Season 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 organization really didn't last that long. In fact, it'due south one of the shortest examples of business organization failure on the listing — three months.
The eating place closed its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and coin direction, leading Flav to make up one's mind that fast food really wasn't for him afterwards all — at to the lowest degree when it came to running a business.
50 Cent – Magic Stick Safe
Magic Stick was l Cent's attempt at a unique business venture — in condoms. Yeah, 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 kickoff identify. His company'south condoms were laced with chemicals designed to increase the wearer'southward sexual performance.
The rapper was asked well-nigh his failed business venture, and he said, "It just didn't work out because I wanted things in it that wouldn't work." P.S.: "Candy Shop" lyrics were written mode before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome humor she shares with her even more awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, every bit glory lifestyle websites were at their top, just Lively wasn't a big plenty lifestyle figure to concenter much interest.
Celebrity product endorsements are often also expensive for the full general public and can besides experience fake, which raises concerns when it comes to trust. The website was abandoned about a year later on, and her lifestyle venture was never mentioned once more. That's okay, she's all the same owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a way line that failed to connect with its customers and make sufficient profit. It belonged to Heidi Montag, a pop reality television character who wanted to be known for more than just her dramatic Television roles. She launched Heidiwood in 2007 in collaboration with Anchor Blue Retail.
Although the line looked promising, customers didn't actually care for the overpriced items, and her contract wasn't renewed the following year. She returned to reality Idiot box and is still a prominent effigy in the celebrity gossip earth, and then she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the simply Hilton making money moves. Dorsum in the day, her sister Nicky Hilton wanted to stay truthful to her family legacy and open up a hotel chain of her own. Nicky O Hotels was a premier luxury hotel make, set 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. Yet, the project failed to see the lite of day after a lawsuit confronting Hilton highlighted an declared breach of contract.
Jennifer Lopez – Sweetface
Making the list once again, J.Lo'due south high-end Sweetface clothing line was yet some other failure in the celebrity fashion world. Attempting to combine urban streetwear with modern fashion, the line failed to evangelize annihilation unique that couldn't exist found for a cheaper price in a shop downward the street — according to shoppers' feedback.
Customers complained well-nigh loftier prices as well as the quality of the dress. Negative feedback and poor sales forced Kohl's to completely cease the line'due south product in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her past her onetime 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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