I Have to See You Again Trump
Investing in a business to ensure you lot accept a stable income seems similar a wise decision — until it isn't. Even celebrities who already accept a ton of cash can't be careless most 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 organization disasters.
Depending on your historic period, you probably remember these unforgettable glory business flops. Think you can guess who lost the well-nigh? Let's accept a await!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eating house in 2002, the fizz was existent. She was in her prime number years, and information technology seemed logical she would invest in a different type of concern. Nyla was located in the Dylan Hotel in Manhattan, New York Metropolis.
Her departure from the business occurred in the same year after she butted heads with the management, who claimed she was responsible for the restaurant's debt and other financial bug. 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 organization moguls, just non all their business concern ventures accept been a success. Have the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit bill of fare featuring the sisters' faces on the front. The concern failed a month after 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 immediate action and terminate the business to protect their reputation.
Kanye West – Pastelle Vesture Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Earlier 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 curt, a lot of drama happened, and co-ordinate to reports, the investors didn't want to invest a sufficient amount of coin to get the business off the ground. Kanye himself said you need to invest at least $100 million when yous'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 virtually his business 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.
Red carpets, gold and other luxury elements cost Trump $ane one thousand thousand per aircraft. Three months afterwards the launch, 1 of his planes well-nigh crashed. The most miss, rising fuel prices and a banking concern loan of $380 million made Trump decide it was fourth dimension to leave his aviation dreams behind and effort something else.
Paris Hilton – Dollhouse Drove
It has been proven enough of times that Paris Hilton knows what she's doing when it comes to business organisation. The Hilton heir has fabricated quite a name for herself, simply 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 popular vesture label, and absolutely everyone was buzzing virtually information technology. The collection basically had Paris' face and name on almost every commodity of article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business organization ventures that garnered more entreatment.
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 squad failed from the outset to empathise what people responded to and how they watched cable channels. Depression ratings and viewership hitting the network hard.
OWN was arguably Oprah's biggest failure, merely unlike other celebrities on our list, Oprah still hasn't completely given upward on her business venture. Who knows? Maybe OWN is finally on rails to pull itself out of some dark days.
Jennifer Lopez – Madre's Eatery
Celebrities have a thing for restaurants, but not all restaurants have a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother'south 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 it."
It lasted almost six years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the civilization's most typical dishes, but J.Lo's name wasn't enough to entice the public. No official reason was ever given for the decision to close it downwardly, simply the assumption is poor functioning.
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 concern ventures. In 1995, she became the face of a glamour-themed cafe chain called Mode Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and expert fizz, just the novelty eventually faded, and it failed to brand the necessary profit to stay open. To top it all off, the business organization partners got involved in a money laundering scandal, making information technology clear that information technology was meliorate for this cafe chain to close its doors for good.
Steven Spielberg – Dive Eating house
Steven Spielberg's mind seems to overflow with amazing ideas, just Dive Restaurant wasn't 1 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 simulated diving session experience.
That still wasn't enough to amuse the demanding Beverly Hills crowd, and the novelty of information technology started to vesture off, resulting in dismal merchandise sales, which were a huge selling point for the business concern. In 1999, the restaurant officially shut its doors and became a learning lesson for what non to do in the niche of themed restaurants.
Blob Hogan – Pastamania Restaurant
When Hulkmania was at its peak, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Blob eating experience. Who wouldn't desire to exist strong and tough similar Hulk Hogan, right? Although it definitely seemed like a solid concern investment thought dorsum in 1995, it didn't work out in the end.
The carte du jour wasn't that unlike from your standard pasta eatery bill of fare, autonomously from the fact that it was branded past everyone'due south favorite wrestling guy. The eating house shut its doors almost a year later, assuasive the Pastamania name to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the just Trump business venture that failed to profit dorsum in the twenty-four hour period. With his focus on existent estate, it'southward non 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, as the 2006 recession struck, and the mortgage lending manufacture 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 fellow member of Fall Out Male child, and several other musicians decided information technology was time to open 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 glory-endemic nightclub died downwardly after it was reported that the New York location got caught serving alcohol to minors and had to shut down in 2012. A few years later, 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 Deport Jim McMahon fabricated a name for himself in the NFL in the '90s and also idea he could brand a proper noun 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 among those in the bank loan world.
The restaurant was offset chosen Chicago Stadium, but the owners of the Chicago Stadium chop-chop sued McMahon and his other business concern partners. According to reports, the eating house participated in some shady business 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 part as a guest approximate on flavor 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time before endmost its doors in 2011 amidst a ton of drama.
The business filed for bankruptcy in order to restructure $5.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso after relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, but that restaurant somewhen airtight as well.
Jay-Z – J-Hotels
The world's first billionaire rapper is no stranger to successful business concern ventures, but the thought that "the sky 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's Chelsea area, but lack of funding and a recession halted the structure.
The recession going on at the time basically made it harder to get the funding needed, and the whole business project was put on hold in 2008. It looks like it never resumed, probably considering Jay-Z became interested in enough of other appealing ventures.
Natalie Portman – Té Casan
Let'south take a suspension from restaurants and hotels for a while and become to 2008, which actually seemed to be a prime time for glory business concern investments and hotels. Natalie Portman was ahead of her fourth dimension 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 become. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — non even diehard vegans — and the shoe line'southward 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 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 menu consisted of high-quality dishes that were besides considered healthy. Although it seemed like a decent thought and the cafe had big expansion dreams, the success didn't last. Three years later on, Cafe Dupri had to close its doors afterward struggling to brand enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding similar 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 manner, and although it seemed like it was taking off at kickoff, it was ultimately criticized for its high prices. In 2008, the line also came under fire for its ad with little girls wearing total makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen likewise tried to dabble in the fashion globe. The eccentric singer is known for her fashion sense, and so information technology seemed but fair to see if the rest of the earth (or at least London) would take hold of on to her await. She opened Lucy in Disguise, a vintage clothing store, with her sister in 2010.
The store's location was one of the reasons for its failure — London's Covent Garden. Loftier real manor prices forced the company to movement to a somewhat cheaper belongings in Soho, but it wasn't enough to relieve the business, and information technology ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business organisation venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $6.2 million. The device was advertised every bit a mod-day iPod with hi-resolution music service, merely it was criticized for its poor pattern and loftier price tag ($400).
3 years after, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging besides much for how-do-you-do-res music formats, and the business organisation couldn't make 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 make. The initial hype of eating among popular moving picture props attracted endorsements from some of the biggest Hollywood names, simply information technology wasn't all sunshine and rainbows.
The business 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 turn a profit. This prompted investors like Arnold Schwarzenegger to move on and cut ties with the business concern. Planet Hollywood is even so 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 effort to make more coin, of form. The theme of The Clubhouse was golf, and dissimilar many other glory restaurants, it managed to last a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the sectional await and way of a golf clubhouse that was open to the public. Ironically, information technology 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 organisation venture for its fourth dimension, 38 Studios was the brainchild of Brusk Schilling, who had a different vision than most sports celebrities. The one-time Ruby Sox pitcher wanted to effort 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 called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared defalcation 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 big visions and a practiced ear for music, simply 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 visitor in 2013 after it appeared to abandon the deal before the contract was over. The drink wasn't marketed finer, and the Qream dream died with minimal fanfare.
Season Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Season Flav? In 2011, the popular rapper decided to combine his love of fast food with business organisation past opening a eating place in Clinton, Iowa. Although information technology sounds yummy, the business organization 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 Season 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 organisation.
50 Cent – Magic Stick Condom
Magic Stick was fifty Cent's try at a unique business organisation venture — in condoms. Yeah, you read that right. In 2008, the rapper created a line of condoms, only he manifestly failed to understand the reason behind condoms in the first identify. His company's condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked about his failed business venture, and he said, "It just didn't work out considering I wanted things in it 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 crawly sense of sense of humour 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 elevation, just Lively wasn't a big enough lifestyle effigy to concenter much interest.
Celebrity production endorsements are often too expensive for the general public and can as well feel imitation, which raises concerns when information technology comes to trust. The website was abandoned about a year after, and her lifestyle venture was never mentioned again. That's okay, she's nonetheless 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 be known for more than just her dramatic Goggle box 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 TV and is nonetheless a prominent figure in the celebrity gossip world, then she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only 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 chain of her ain. Nicky O Hotels was a premier luxury hotel brand, 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 appetite was to combine the earth of amusement with luxury and design. Notwithstanding, the project failed to see the light of day afterwards a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the listing over again, J.Lo's high-end Sweetface clothing line was withal another failure in the celebrity manner world. Attempting to combine urban streetwear with modern way, the line failed to deliver anything unique that couldn't be found for a cheaper cost in a store downwardly the street — according to shoppers' feedback.
Customers complained nearly high prices as well as the quality of the clothes. Negative feedback and poor sales forced Kohl'southward to completely stop the line'south production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her old director.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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