Christmas Sweatshirt With Donald Trumps Picture That Says Make Christmas Great Again
Investing in a business to ensure you lot accept a stable income seems like a wise decision — until it isn't. Even celebrities who already have a ton of cash can't exist devil-may-care about choosing investments if they desire to stay rich. From restaurants to wear lines, the opportunities are plentiful, but information technology takes conscientious planning to avoid embarrassing concern disasters.
Depending on your age, you probably retrieve these unforgettable celebrity business flops. Call up you tin can judge who lost the most? Let'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 number years, and it seemed logical she would invest in a different type of business. Nyla was located in the Dylan Hotel in Manhattan, New York Urban center.
Her difference from the business concern occurred in the same year later on she butted heads with the management, who claimed she was responsible for the eating house's debt and other financial issues. Fun fact: The restaurant 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 moguls, only non all their business ventures have been a success. Take 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 failed a calendar month after its launch when the legality of sure fees raised concerns.
An attorney claimed the loftier fees were unfair and unethical, particularly for the Kardashians' largely young adult fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family unit'southward attorney to take immediate action and terminate the concern to protect their reputation.
Kanye Due west – Pastelle Clothing Line
Yeezy has had plenty of manner 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 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 corporeality of money to get the business off the ground. Kanye himself said you need to invest at least $100 meg when you're making a new make, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but non many people know about his business organization failures. I 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.
Cherry-red carpets, gold and other luxury elements cost Trump $1 one thousand thousand per aircraft. 3 months after the launch, one of his planes well-nigh crashed. The near miss, rising fuel prices and a banking concern loan of $380 million fabricated Trump decide it was time to leave his aviation dreams behind and effort something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven plenty of times that Paris Hilton knows what she's doing when information technology comes to business. The Hilton heir has fabricated quite a name for herself, simply not every thought resulted in cash in the banking concern. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular vesture label, and absolutely everyone was buzzing about it. The collection basically had Paris' face up and proper noun on almost every clothing. Unfortunately, the glory 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 aqueduct accessible to eighty million homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than than $500 meg 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 hit the network hard.
OWN was arguably Oprah's biggest failure, only unlike 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's Restaurant
Celebrities have a thing for restaurants, only not all restaurants have a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother'due south cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her ain words, she described it as "a family restaurant with a little bit of sexiness to it."
It lasted about six years earlier mysteriously endmost its doors in 2008. The Latin American eating house featured some of the civilization's almost typical dishes, simply J.Lo'due south name wasn't enough to entice the public. No official reason was ever given for the determination to close information technology down, but the assumption is poor performance.
Naomi Campbell & Friends – The Manner Cafe
In her prime number (mid-1990s), Naomi Campbell decided information technology was time to enjoy some passive income in the form of business organisation 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 start and practiced buzz, only the novelty eventually faded, and it failed to make the necessary profit to stay open. To top it all off, the business partners got involved in a money laundering scandal, making it articulate that information technology was better for this cafe chain to close its doors for good.
Steven Spielberg – Swoop Restaurant
Steven Spielberg's heed seems to overflow with astonishing ideas, but Dive Eatery wasn't one of them. In 1994, he decided to open a nautical-themed eating house in Beverly Hills. The identify was filled with impressive dive-themed decor and even featured a simulated diving session experience.
That however wasn't enough to charm the demanding Beverly Hills oversupply, and the novelty of it started to wear off, resulting in dismal merchandise sales, which were a huge selling point for the concern. In 1999, the eatery officially shut its doors and became a learning lesson for what non to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its elevation, Hulk Hogan decided to introduce 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 stop.
The carte du jour wasn't that different from your standard pasta eatery menu, apart from the fact that it was branded past everyone's favorite wrestling guy. The restaurant shut its doors almost a yr subsequently, allowing the Pastamania name to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the but Trump business venture that failed to turn a turn a profit back in the solar day. With his focus on existent estate, it's not surprising he tried to dip into the mortgage business concern. The success of this venture was very short lived.
Well-nigh 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 downward after failing to thrive in the struggling marketplace.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a popular member of Fall Out Boy, 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, the society launched in several other locations, including Chicago.
The hype of the glory-owned nightclub died downwards subsequently 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 on, they as well airtight the Chicago location — and that was the terminate of the Fall 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 too idea he could make a name for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business organization with some pretty questionable characters whose reputation wasn't pristine amongst those in the bank loan earth.
The restaurant was start called Chicago Stadium, merely 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 Eating place and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role equally a guest judge on flavor iv of MasterChef? In 2008, she backed a Los Angeles eating place chosen Beso. The place was a hot spot for quite some time before endmost its doors in 2011 amongst a ton of drama.
The business organisation 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 proper name, Viva Hollywood, merely that restaurant somewhen closed too.
Jay-Z – J-Hotels
The world'due south first billionaire rapper is no stranger to successful business organization ventures, merely 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'due south Chelsea surface 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 become the funding needed, and the whole business organization 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 suspension from restaurants and hotels for a while and go to 2008, which really seemed to be a prime time for glory business concern investments and hotels. Natalie Portman was ahead of her time when she collaborated with Té Casan to create a vegan shoe line.
As a long-term vegan, she felt the demand to invest in something she believes in, and she felt a shoe line was definitely the mode to go. Unfortunately, the high cost of the shoes didn't exactly entreatment to consumers — not 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 top of his game. In 2005, he decided to try other business organisation ventures and invested in a big café in Atlanta that seated 105 guests.
The menu consisted of loftier-quality dishes that were also considered healthy. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. Three years later, Cafe Dupri had to close its doors afterward struggling to make enough profit.
Beyonce – House of Deréon
That's correct — Queen B has experienced many failures along with her success. Sounding similar a business 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'south maternal grandmother.
The style mixed the influences of hip hop with high fashion, and although it seemed like it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under burn for its ad with piddling 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 fashion earth. The eccentric singer is known for her fashion sense, then it seemed only fair to encounter if the residue of the world (or at least London) would take hold of on to her look. She opened Lucy in Disguise, a vintage article of clothing store, with her sister in 2010.
The shop's location was i of the reasons for its failure — London'southward Covent Garden. High real manor prices forced the company to motion to a somewhat cheaper property in Soho, only information technology wasn't enough to save the business, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modern business venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $vi.2 meg. The device was advertised as a mod-24-hour interval iPod with hi-resolution music service, but it was criticized for its poor design and high toll tag ($400).
Iii years afterwards, Neil Immature ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Tape companies were charging too much for hi-res music formats, and the business organisation couldn't brand 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 awareness 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 moving picture 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 similar 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 popular investments for celebrities, and Kevin Costner was in on the idea too. In 1997, he dabbled in the nutrient industry in an attempt to make more coin, of form. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, it managed to terminal a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive look and way of a golf game clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was endmost at the time. The concern began to neglect in 2007.
Curt Schilling – 38 Studios
A unique business concern venture for its time, 38 Studios was the abstraction of Curt Schilling, who had a different vision than most sports celebrities. The former Ruby-red Sox pitcher 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 function-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 afterwards only releasing a unmarried game. Despite the business organisation' failure, the game was pretty well received by 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 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 visitor in 2013 after it appeared to abandon the deal before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav's Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his honey of fast food with business by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business organisation really didn't final that long. In fact, it's 1 of the shortest examples of business failure on the list — three months.
The restaurant closed its doors due to a fallout between Flavour Flav and his business concern partner, Nick Cimino. The two clashed over operations and money management, leading Flav to decide that fast food really wasn't for him later all — at least when it came to running a business organisation.
50 Cent – Magic Stick Condom
Magic Stick was fifty Cent's attempt at a unique concern venture — in condoms. Yes, you lot read that correct. In 2008, the rapper created a line of condoms, but he patently failed to understand the reason behind condoms in the starting time place. His company's condoms were laced with chemicals designed to increase the wearer'southward sexual performance.
The rapper was asked about his failed concern venture, and he said, "It just didn't work out because I wanted things in information technology that wouldn't work." P.South.: "Processed Shop" lyrics were written manner 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 crawly husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, equally celebrity lifestyle websites were at their peak, but Lively wasn't a large plenty lifestyle figure to attract much interest.
Glory product endorsements are ofttimes too expensive for the general public and can also feel fake, which raises concerns when it comes to trust. The website was abandoned nigh a year afterward, and her lifestyle venture was never mentioned again. That'southward okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient turn a profit. It belonged to Heidi Montag, a popular reality goggle box character who wanted to be 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 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 world, then 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 ain. Nicky O Hotels was a premier luxury hotel make, set up to launch in Miami and subsequently 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 globe of amusement with luxury and pattern. All the same, the project failed to meet the calorie-free of solar day after a lawsuit confronting Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo's high-cease Sweetface clothing line was yet another failure in the glory way world. Attempting to combine urban streetwear with modern style, the line failed to deliver annihilation unique that couldn't be establish for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained near loftier prices as well every bit the quality of the dress. Negative feedback and poor sales forced Kohl's to completely stop the line'south production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her by her old managing 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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