Does Trump Own the Saying Make America Great Again
Investing in a business concern to ensure you have a stable income seems similar a wise decision — until it isn't. Even celebrities who already have a ton of cash 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 careful planning to avoid embarrassing business disasters.
Depending on your age, you probably remember these unforgettable glory business flops. Retrieve you can gauge who lost the most? Permit's take a look!
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 different type of business organisation. Nyla was located in the Dylan Hotel in Manhattan, New York Metropolis.
Her departure from the business occurred in the aforementioned twelvemonth after she butted heads with the management, who claimed she was responsible for the eatery's debt and other financial issues. 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 moguls, but not all their business organisation ventures have been a success. Have the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit card featuring the sisters' faces on the front. The business concern failed a calendar 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'due south attorney to take immediate action and terminate the concern to protect their reputation.
Kanye Westward – Pastelle Clothing Line
Yeezy has had enough of fashion debuts during his career, and not all of them have been successful — or inspiring. Earlier 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 brusque, a lot of drama happened, and according to reports, the investors didn't want to invest a sufficient amount of coin to go the business off the ground. Kanye himself said you need to invest at least $100 million when you're making a new brand, and information technology clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, only not many people know about his business failures. One of those epic failures was a very ambitious airline. Dorsum 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 $1 meg per aircraft. Iii months after the launch, 1 of his planes almost crashed. The well-nigh miss, rising fuel prices and a banking company loan of $380 million made Trump decide it was time to exit his aviation dreams behind and attempt something else.
Paris Hilton – Dollhouse Collection
It has been proven enough of times that Paris Hilton knows what she's doing when it comes to business. 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.
Information technology was a collaboration between Hilton and the popular clothing label, and admittedly everyone was buzzing about it. The drove basically had Paris' confront and proper noun on nearly every commodity of habiliment. 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 cablevision channel accessible to fourscore meg homes. The Oprah Winfrey Network (Own) was an ambitious idea, with more than $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. Low ratings and viewership hit the network hard.
Ain was arguably Oprah's biggest failure, merely different other celebrities on our listing, Oprah still hasn't completely given up on her business venture. Who knows? Maybe OWN is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre'southward Restaurant
Celebrities accept a thing for restaurants, but not all restaurants accept a thing for celebs. Madre's was inspired by J.Lo'south mom and grandmother'due south cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her ain words, she described it as "a family eatery with a lilliputian bit of sexiness to it."
Information technology lasted about half dozen years before mysteriously closing its doors in 2008. The Latin American eating house featured some of the civilisation's well-nigh typical dishes, only J.Lo's proper noun wasn't enough to entice the public. No official reason was ever given for the decision to shut information technology down, but the assumption is poor performance.
Naomi Campbell & Friends – The Manner Cafe
In her prime number (mid-1990s), Naomi Campbell decided it was fourth dimension to enjoy some passive income in the form of business ventures. In 1995, she became the face of a glamour-themed cafe chain called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid first and skillful fizz, but the novelty eventually faded, and information technology failed to make the necessary profit to stay open. To tiptop it all off, the business partners got involved in a coin laundering scandal, making it clear that it was improve for this cafe concatenation to close its doors for expert.
Steven Spielberg – Dive Restaurant
Steven Spielberg'south listen seems to overflow with amazing ideas, merely Dive Eatery wasn't one of them. In 1994, he decided to open a nautical-themed eatery in Beverly Hills. The identify was filled with impressive dive-themed decor and even featured a false diving session experience.
That notwithstanding wasn't enough to amuse the enervating 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 concern. In 1999, the restaurant officially close its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Eating place
When Hulkmania was at its peak, Blob Hogan decided to innovate Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be strong and tough like Hulk Hogan, right? Although it definitely seemed like a solid business investment idea back in 1995, it didn't work out in the end.
The menu wasn't that different from your standard pasta restaurant carte, autonomously from the fact that it was branded by anybody'southward favorite wrestling guy. The restaurant shut its doors near a year afterwards, assuasive the Pastamania name to be used past a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to turn a turn a profit back in the solar day. With his focus on real estate, it's not surprising he tried to dip into the mortgage business concern. The success of this venture was very brusque lived.
Most of the Trump Mortgage failure came down to poor timing, equally 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 downward subsequently failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Autumn Out Male child, and several other musicians decided it was time to open a nightclub. Wentz claimed he simply 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-endemic nightclub died downwards afterwards it was reported that the New York location got caught serving booze to minors and had to close downward in 2012. A few years after, they as well closed the Chicago location — and that was the end of the Fall Out Male child nightclub.
Jim McMahon – McMahon'due south Steakhouse
Ex-Chicago Acquit Jim McMahon made a proper noun for himself in the NFL in the '90s and also idea he could make a name 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 amid those in the bank loan world.
The restaurant was start called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business organisation partners. Co-ordinate to reports, the restaurant participated in some shady business organization practices, and McMahon had to altitude himself from it.
Eva Longoria – Beso Eating house and Nightclub
Eva Longoria is no stranger to the culinary scene — retrieve her function equally a guest judge on flavor 4 of MasterChef? In 2008, she backed a Los Angeles eating place called Beso. The identify was a hot spot for quite some time before endmost its doors in 2011 amongst a ton of drama.
The business filed for defalcation in gild to restructure $five.7 1000000 worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched nether new ownership (without Longoria) and with a new name, Viva Hollywood, merely that restaurant somewhen closed as well.
Jay-Z – J-Hotels
The earth's offset billionaire rapper is no stranger to successful business organization ventures, but the idea that "the sky is the limit" definitely doesn't employ here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open up in Manhattan'southward Chelsea area, but lack of funding and a recession halted the construction.
The recession going on at the fourth dimension basically made information technology harder to get the funding needed, and the whole concern project was put on hold in 2008. It looks like it never resumed, probably considering Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's take a break from restaurants and hotels for a while and get to 2008, which actually seemed to be a prime time for celebrity business investments and hotels. Natalie Portman was alee 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 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 past 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 ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were also considered good for you. Although information technology seemed like a decent idea and the cafe had large expansion dreams, the success didn't terminal. Three years later on, Cafe Dupri had to shut its doors afterwards struggling to brand enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding like a house 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 similar it was taking off at get-go, it was ultimately criticized for its loftier prices. In 2008, the line also came nether fire for its ad with trivial 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 dabble in the way world. The eccentric singer 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 expect. She opened Lucy in Disguise, a vintage wear shop, with her sis in 2010.
The store's location was i of the reasons for its failure — London's Covent Garden. High real manor prices forced the company to move to a somewhat cheaper property in Soho, only it wasn't enough to salve the concern, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a fairly modern business organization venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where information technology raised $half dozen.2 meg. The device was advertised every bit a modernistic-day iPod with hi-resolution music service, but it was criticized for its poor blueprint and loftier price tag ($400).
Three years subsequently, Neil Young ceased operations and airtight the PonoMusic shop, which sold downloadable music. The reason? Tape companies were charging besides much for howdy-res music formats, and the business 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 brand. The initial hype of eating amongst pop movie props attracted endorsements from some of the biggest Hollywood names, merely 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 information technology could financially sustain itself and make a turn a profit. This prompted investors similar Arnold Schwarzenegger to motion on and cutting ties with the business organization. Planet Hollywood is even so effectually 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 idea too. In 1997, he dabbled in the nutrient industry in an try to make more money, of course. The theme of The Clubhouse was golf, and dissimilar many other celebrity restaurants, information technology managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive wait and style of a golf clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was endmost at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique 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 Red Sox pitcher 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 company released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 subsequently only releasing a single game. Despite the business' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had large visions and a proficient 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 subsequently information technology appeared to abandon the deal before the contract was over. The drink wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav'southward Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his dear of fast food with business by opening a eating place in Clinton, Iowa. Although it sounds yummy, the business actually didn't last that long. In fact, it'due south one of the shortest examples of business concern failure on the list — three months.
The restaurant airtight its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The ii clashed over operations and money direction, leading Flav to decide that fast food actually wasn't for him later all — at to the lowest degree when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent's attempt at a unique business organization 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 backside condoms in the first place. His visitor'due south condoms were laced with chemicals designed to increment the wearer'due south sexual performance.
The rapper was asked nearly his failed concern venture, and he said, "Information technology just didn't work out because I wanted things in information technology that wouldn't piece of work." P.Southward.: "Processed Shop" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of sense of humour she shares with her fifty-fifty more awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, equally celebrity lifestyle websites were at their superlative, just Lively wasn't a large enough lifestyle effigy to attract much involvement.
Celebrity production endorsements are often likewise expensive for the full general public and can besides feel simulated, which raises concerns when it comes to trust. The website was abandoned about a year later, and her lifestyle venture was never mentioned over again. That'south okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a manner 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 than than just her dramatic Television receiver 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 following year. She returned to reality TV and is still a prominent figure in the celebrity gossip earth, and then she bounced dorsum 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 concatenation of her own. Nicky O Hotels was a premier luxury hotel brand, fix 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 globe of entertainment with luxury and design. However, the project failed to meet the calorie-free of day after a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo's high-finish Sweetface clothing line was yet another failure in the celebrity fashion world. Attempting to combine urban streetwear with mod fashion, the line failed to evangelize anything unique that couldn't be found for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained virtually high prices as well every bit the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely stop the line'south production in 2009. Fun fact: Sweetface was J.Lo'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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