Compare Langston Hughess Let America Be American Again to Donald Trump Make American Great Again?
Investing in a business concern to ensure you take a stable income seems like a wise decision — until it isn't. Even celebrities who already have a ton of cash tin't exist careless about 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 organisation disasters.
Depending on your age, you probably remember these unforgettable celebrity business flops. Recall you tin guess who lost the virtually? Allow's accept 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 concern. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her divergence from the business occurred in the same year 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 be called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians are definitely business moguls, only 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 card featuring the sisters' faces on the front. The business failed a month later on 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 adult fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family'south attorney 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 have been successful — or inspiring. Before his other fashion lines, in that location was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle wearable 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 coin to go the business off the footing. Kanye himself said yous demand to invest at to the lowest degree $100 million when yous're making a new brand, and it conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known man of affairs, but not many people know nigh his business 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.
Red carpets, golden and other luxury elements toll Trump $1 million per aircraft. Iii months after the launch, 1 of his planes almost crashed. The nigh miss, rising fuel prices and a depository financial institution loan of $380 meg made Trump decide it was time to exit his aviation dreams behind and attempt something else.
Paris Hilton – Dollhouse Collection
It 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 proper noun for herself, but not every idea resulted in cash in the banking concern. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular wear label, and absolutely everyone was buzzing about it. The collection basically had Paris' face and name on almost every commodity of wearable. Unfortunately, the glory didn't concluding long, and Paris moved on to other business concern ventures that garnered more than appeal.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the town when she decided to operate a cablevision channel attainable to 80 million homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than $500 1000000 invested in the project. Unfortunately, her team failed from the beginning to empathise what people responded to and how they watched cablevision channels. Low ratings and viewership hit the network hard.
OWN was arguably Oprah's biggest failure, but different other celebrities on our list, Oprah still hasn't completely given up on her business venture. Who knows? Mayhap Ain is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, but not all restaurants have a affair for celebs. Madre's was inspired past J.Lo's mom and grandmother'due south cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described information technology as "a family eating place with a piffling bit of sexiness to it."
It lasted virtually six years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's about typical dishes, but J.Lo's proper noun 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 operation.
Naomi Campbell & Friends – The Mode Cafe
In her prime number (mid-1990s), Naomi Campbell decided it was fourth dimension to bask some passive income in the form of business 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.
Information technology had a solid commencement and proficient buzz, but the novelty eventually faded, and information technology failed to make the necessary profit to stay open. To superlative it all off, the business organization partners got involved in a money laundering scandal, making it articulate that it was better for this cafe chain to close its doors for proficient.
Steven Spielberg – Dive Restaurant
Steven Spielberg'southward listen seems to overflow with amazing ideas, simply Dive Eating house wasn't ane 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 plenty 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 business organisation. In 1999, the eatery officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its top, 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 Blob Hogan, right? Although it definitely seemed like a solid business concern investment thought back in 1995, it didn't work out in the end.
The menu wasn't that dissimilar from your standard pasta restaurant menu, apart from the fact that it was branded past anybody's favorite wrestling guy. The restaurant shut its doors about a twelvemonth subsequently, assuasive the Pastamania proper noun to be used by 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 day. With his focus on real estate, information technology's 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, every bit the 2006 recession struck, and the mortgage lending manufacture began to crumble with the marketplace crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially airtight downwardly after 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 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 glory-owned nightclub died down later on information technology 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 also closed the Chicago location — and that was the finish of the Fall Out Male child nightclub.
Jim McMahon – McMahon'southward Steakhouse
Ex-Chicago Bear Jim McMahon fabricated a proper name for himself in the NFL in the '90s and as well thought 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 bank loan earth.
The restaurant was kickoff called 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 Eating place and Nightclub
Eva Longoria is no stranger to the culinary scene — recall her function equally a guest judge on flavour 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The identify was a hot spot for quite some fourth dimension before closing its doors in 2011 amidst a ton of drama.
The business organization filed for bankruptcy in social club to restructure $5.7 1000000 worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched nether new buying (without Longoria) and with a new proper noun, Viva Hollywood, but that restaurant eventually airtight too.
Jay-Z – J-Hotels
The globe's commencement billionaire rapper is no stranger to successful business organisation ventures, only 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 up in Manhattan's Chelsea expanse, just lack of funding and a recession halted the construction.
The recession going on at the time basically made information technology harder to get the funding needed, and the whole business project was put on hold in 2008. It looks similar it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's take a suspension from restaurants and hotels for a while and go to 2008, which really 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.
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 price 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 try other business ventures and invested in a big café in Atlanta that seated 105 guests.
The bill of fare consisted of high-quality dishes that were as well considered healthy. Although it seemed like a decent thought and the cafe had big expansion dreams, the success didn't last. Three years later, Cafe Dupri had to close its doors after struggling to make enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding similar 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 proper name paid tribute to Beyonce'due south maternal grandmother.
The manner mixed the influences of hip hop with high fashion, and although it seemed similar information technology was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under fire for its advertising with picayune girls wearing total 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 earth. The eccentric singer is known for her fashion sense, so it seemed only fair to see if the remainder of the earth (or at least London) would take hold of on to her look. She opened Lucy in Disguise, a vintage vesture shop, with her sister in 2010.
The shop's location was one of the reasons for its failure — London'south Covent Garden. Loftier real estate prices forced the visitor to movement to a somewhat cheaper property in Soho, simply it wasn't enough to save the business, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly modernistic business venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $half-dozen.2 1000000. The device was advertised equally a modern-twenty-four hours iPod with hi-resolution music service, but information technology was criticized for its poor pattern and high price tag ($400).
3 years later, Neil Immature ceased operations and airtight the PonoMusic store, which sold downloadable music. The reason? Record companies were charging likewise much for hi-res music formats, and the business couldn't brand 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 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the make. The initial hype of eating among pop picture show props attracted endorsements from some of the biggest Hollywood names, but it wasn't all sunshine and rainbows.
The concern 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 cut ties with the business. Planet Hollywood is all the same 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 food industry in an try to make more money, of course. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, it managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive look and fashion of a golf clubhouse that was open to the public. Ironically, it opened right beyond from Planet Hollywood, which was closing at the time. The concern began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Brusque Schilling, who had a different vision than most sports celebrities. The former Carmine Sox pitcher wanted to try something new, so 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 office-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 subsequently only releasing a unmarried game. Despite the business organization' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams e'er had big visions and a practiced 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 bargain before the contract was over. The potable wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavour Flav – Flavor Flav'due south Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his beloved 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'south one of the shortest examples of business failure on the listing — iii months.
The restaurant closed its doors due to a fallout betwixt Flavor Flav and his business 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 to the lowest degree when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was fifty Cent'due south attempt at a unique business venture — in condoms. Yes, 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 company's condoms were laced with chemicals designed to increment the wearer's sexual performance.
The rapper was asked nearly his failed business venture, and he said, "It just didn't work out because I wanted things in information technology that wouldn't piece of work." P.S.: "Candy Shop" lyrics were written way earlier 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 glory lifestyle websites were at their superlative, just Lively wasn't a large enough lifestyle figure to attract much interest.
Celebrity production endorsements are often too expensive for the general public and can also feel fake, 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'southward okay, she's nevertheless 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 boob tube character who wanted to be known for more than than simply her dramatic TV roles. She launched Heidiwood in 2007 in collaboration with Anchor Blueish Retail.
Although the line looked promising, customers didn't really care for the overpriced items, and her contract wasn't renewed the following twelvemonth. She returned to reality Boob tube and is nonetheless a prominent figure in the celebrity gossip world, 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 mean solar day, her sister Nicky Hilton wanted to stay truthful to her family unit 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 design a luxurious penthouse suite for the Miami location. Her ambition was to combine the world of amusement with luxury and pattern. However, the project failed to see the calorie-free of 24-hour interval later on a lawsuit against Hilton highlighted an declared breach of contract.
Jennifer Lopez – Sweetface
Making the list over again, J.Lo'due south high-finish Sweetface clothing line was yet some other failure in the glory manner world. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't be institute for a cheaper cost in a store downward the street — according to shoppers' feedback.
Customers complained nearly high prices as well as the quality of the wearing apparel. Negative feedback and poor sales forced Kohl's to completely finish the line's production in 2009. Fun fact: Sweetface was J.Lo'due south nickname, given to her by her old manager.
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Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
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