Did Donald Trump Get Born Again?
Investing in a business to ensure you have a stable income seems similar a wise conclusion — until information technology isn't. Even celebrities who already have a ton of cash tin't be careless virtually choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, simply it takes careful planning to avert embarrassing business organization disasters.
Depending on your age, you probably call back these unforgettable glory business organisation flops. Think y'all tin can approximate who lost the most? Let's 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 it seemed logical she would invest in a dissimilar type of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her departure from the business occurred in the same year later she butted heads with the management, who claimed she was responsible for the restaurant'southward debt and other fiscal problems. Fun fact: The restaurant was supposed to exist chosen "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business organization moguls, but non all their business ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians appear a controversial debut of a prepaid debit card featuring the sisters' faces on the forepart. The business concern failed a month after its launch when the legality of certain fees raised concerns.
An attorney claimed the loftier fees were unfair and unethical, particularly for the Kardashians' largely immature adult fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family's chaser to take firsthand action and end the business to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them take been successful — or inspiring. Earlier his other mode 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 brusk, a lot of drama happened, and co-ordinate to reports, the investors didn't desire to invest a sufficient corporeality of money to get the business off the basis. Kanye himself said you lot need to invest at least $100 one thousand thousand when you're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, simply not many people know nigh 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.
Ruddy carpets, gold and other luxury elements toll Trump $1 1000000 per aircraft. Three months afterwards the launch, one of his planes about crashed. The near miss, rising fuel prices and a bank loan of $380 million made Trump determine it was time 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'due south doing when information technology comes to business. The Hilton heir has made quite a name for herself, merely not every thought resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration betwixt Hilton and the popular clothing label, and absolutely everyone was buzzing well-nigh it. The collection basically had Paris' confront and name on almost every clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business concern ventures that garnered more than appeal.
Oprah Winfrey – OWN
In 2011, Oprah was the talk of the town when she decided to operate a cable channel accessible to fourscore million homes. The Oprah Winfrey Network (Ain) was an ambitious idea, with more $500 meg 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 striking the network difficult.
OWN was arguably Oprah's biggest failure, but unlike other celebrities on our listing, Oprah still hasn't completely given up on her business venture. Who knows? Maybe OWN is finally on runway to pull itself out of some night days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, but not all restaurants have a thing for celebs. Madre'due south was inspired by J.Lo's mom and grandmother's cooking, and information technology started its bumpy journey in 2002 in Pasadena, California. In her own words, she described information technology as "a family eating house with a little fleck of sexiness to information technology."
It lasted about half-dozen years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the civilization's virtually typical dishes, but J.Lo's proper noun wasn't enough to entice the public. No official reason was e'er given for the decision to close information technology downward, but the supposition 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 course of business ventures. In 1995, she became the confront of a glamour-themed cafe chain chosen Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid get-go and good buzz, but the novelty eventually faded, and information technology failed to make the necessary profit to stay open. To top information technology all off, the business partners got involved in a money laundering scandal, making information technology articulate that information technology was better for this cafe chain to shut its doors for skillful.
Steven Spielberg – Dive 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 restaurant in Beverly Hills. The place was filled with impressive dive-themed decor and even featured a simulated diving session feel.
That still wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of information technology started to article of clothing off, resulting in dismal merchandise sales, which were a huge selling bespeak 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 Eating house
When Hulkmania was at its peak, Blob Hogan decided to introduce Minneapolis' Mall of America to the ultimate Blob eating feel. Who wouldn't want to be strong and tough like Hulk Hogan, right? Although information technology definitely seemed like a solid business investment idea back in 1995, it didn't work out in the end.
The menu wasn't that dissimilar from your standard pasta eating house menu, apart from the fact that information technology was branded past everyone'due south favorite wrestling guy. The restaurant close its doors almost a yr later, assuasive the Pastamania name to be used by a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the but Trump business organization venture that failed to turn a turn a profit dorsum in the day. With his focus on existent estate, it'due 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, 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 later on failing 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 just wanted a place for him and his friends to hang out. After, the club 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 shut down in 2012. A few years after, they also closed the Chicago location — and that was the end of the Autumn Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Deport Jim McMahon made a name for himself in the NFL in the '90s and besides 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 amidst those in the bank loan world.
The restaurant was outset chosen Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the restaurant participated in some shady business practices, and McMahon had to altitude himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — call up her office as a guest judge on flavor four of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time before closing its doors in 2011 amidst a ton of drama.
The business filed for bankruptcy in order to restructure $5.vii 1000000 worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso afterwards relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, but that restaurant somewhen closed as well.
Jay-Z – J-Hotels
The globe's first billionaire rapper is no stranger to successful business ventures, but the idea that "the sky 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'south Chelsea expanse, but lack of funding and a recession halted the construction.
The recession going on at the fourth dimension basically fabricated it harder to get the funding needed, and the whole business organisation project was put on concord in 2008. Information technology looks like information technology never resumed, probably because Jay-Z became interested in enough of other appealing ventures.
Natalie Portman – Té Casan
Let'due south take a break from restaurants and hotels for a while and go to 2008, which really seemed to exist a prime fourth dimension for celebrity concern 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 go. Unfortunately, the high cost of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's website disappeared by the terminate 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 endeavour other business ventures and invested in a big café in Atlanta that seated 105 guests.
The carte consisted of high-quality dishes that were also considered healthy. Although it seemed like a decent idea and the buffet had large expansion dreams, the success didn't last. 3 years afterwards, Cafe Dupri had to close its doors after struggling to make plenty profit.
Beyonce – Firm of Deréon
That'south right — Queen B has experienced many failures forth with her success. Sounding like a firm out of Game of Thrones, House 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 it seemed like it was taking off at starting time, information technology was ultimately criticized for its loftier prices. In 2008, the line also came nether fire for its advert 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 also tried to fiddle in the manner world. The eccentric vocalizer is known for her fashion sense, and so it seemed only fair to encounter if the rest of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing store, with her sis in 2010.
The store's location was ane of the reasons for its failure — London'due south Covent Garden. High real estate prices forced the company to move to a somewhat cheaper property in Soho, but information technology wasn't plenty to save the business concern, 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 popular platform Kickstarter, where information technology raised $six.2 million. The device was advertised as a modern-day iPod with hello-resolution music service, but information technology was criticized for its poor blueprint and high price tag ($400).
3 years later, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging besides much for hi-res music formats, and the business 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 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 organization 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 move on and cutting ties with the business. Planet Hollywood is still around 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 food industry in an effort to make more money, of form. The theme of The Clubhouse was golf game, and unlike many other glory restaurants, information technology managed to concluding a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive look and manner of a golf clubhouse that was open up to the public. Ironically, it opened right beyond from Planet Hollywood, which was endmost at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a different vision than well-nigh sports celebrities. The onetime 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 visitor released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 after only 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 always had big visions and a skilful 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 subsequently it appeared to carelessness the bargain before the contract was over. The drink wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavor 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 past opening a eatery in Clinton, Iowa. Although information technology sounds yummy, the business really didn't last that long. In fact, it'due south 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 partner, Nick Cimino. The 2 clashed over operations and money management, leading Flav to decide that fast food actually wasn't for him after all — at least when it came to running a business.
l Cent – Magic Stick Safety
Magic Stick was 50 Cent's attempt at a unique business concern venture — in condoms. Yes, y'all read that right. In 2008, the rapper created a line of condoms, but he apparently failed to understand the reason backside condoms in the first place. His company's condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked well-nigh his failed business organisation venture, and he said, "It only didn't piece of work out because 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 awesome sense of humor she shares with her even more awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their peak, only Lively wasn't a big enough lifestyle effigy to attract much interest.
Celebrity production endorsements are oft too expensive for the general public and tin besides feel fake, which raises concerns when it comes to trust. The website was abased about a yr later, and her lifestyle venture was never mentioned again. That's okay, she's nevertheless owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a style line that failed to connect with its customers and make sufficient turn a profit. It belonged to Heidi Montag, a popular reality telly character who wanted to be known for more than 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 treat the overpriced items, and her contract wasn't renewed the following year. She returned to reality Boob tube and is still a prominent figure in the celebrity gossip world, so she bounced dorsum financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Back in the day, her sis Nicky Hilton wanted to stay true to her family legacy and open a hotel concatenation of her own. Nicky O Hotels was a premier luxury hotel brand, set to launch in Miami and later Chicago.
Hilton planned to work with Roberto Cavalli to blueprint a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of amusement with luxury and design. Notwithstanding, the project failed to come across the light of day later a lawsuit against Hilton highlighted an declared breach of contract.
Jennifer Lopez – Sweetface
Making the listing once again, J.Lo's high-terminate Sweetface clothing line was yet another failure in the celebrity style world. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't exist found for a cheaper price in a store downwards the street — according to shoppers' feedback.
Customers complained about loftier prices as well as the quality of the dress. Negative feedback and poor sales forced Kohl'south to completely stop the line's product in 2009. Fun fact: Sweetface was J.Lo'due 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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