Is Donald Trump Gonna Be Elected Again for 4 Moreneyears
Investing in a business to ensure you have a stable income seems like a wise conclusion — until it isn't. Even celebrities who already have a ton of cash can't exist careless near choosing investments if they want to stay rich. From restaurants to clothing lines, the opportunities are plentiful, simply it takes conscientious planning to avoid embarrassing business disasters.
Depending on your age, you probably call up these unforgettable celebrity business concern flops. Recollect you can guess who lost the most? Let'due south have a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Restaurant in 2002, the buzz was existent. She was in her prime years, and information technology seemed logical she would invest in a different blazon 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 eating house'southward 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 organisation moguls, simply non all their business ventures have been a success. Take 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 its launch when the legality of certain fees raised concerns.
An chaser claimed the high fees were unfair and unethical, particularly for the Kardashians' largely young adult fanbase. Many reputable websites took annotation of the "Kardashian Kard ripoff," which prompted the Kardashian family'south attorney to take immediate action and finish the business to protect their reputation.
Kanye Due west – Pastelle Wear Line
Yeezy has had enough of fashion debuts during his career, and not all of them take 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 clothing line in collaboration with Adidas.
In short, a lot of drama happened, and co-ordinate to reports, the investors didn't want to invest a sufficient corporeality of money to go the business off the ground. Kanye himself said yous need to invest at to the lowest degree $100 million when you're making a new brand, and information technology conspicuously didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know about 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, aureate and other luxury elements cost Trump $ane 1000000 per shipping. 3 months after the launch, one of his planes most crashed. The near miss, ascent fuel prices and a bank loan of $380 meg made Trump decide it was time to leave his aviation dreams backside and try something else.
Paris Hilton – Dollhouse Collection
It has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business. The Hilton heir has made quite a proper name for herself, only non 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 clothing label, and absolutely anybody was buzzing virtually information technology. The collection basically had Paris' face and name on virtually every commodity of wearable. Unfortunately, the glory didn't last long, and Paris moved on to other business ventures that garnered more appeal.
Oprah Winfrey – Ain
In 2011, Oprah was the talk of the town when she decided to operate a cablevision aqueduct accessible to eighty million homes. The Oprah Winfrey Network (Ain) was an ambitious idea, with more than $500 one thousand thousand invested in the project. Unfortunately, her team failed from the showtime to empathize what people responded to and how they watched cablevision channels. Depression ratings and viewership striking the network hard.
OWN was arguably Oprah's biggest failure, only unlike other celebrities on our list, Oprah all the same hasn't completely given up on her business organisation venture. Who knows? Maybe Ain is finally on rail to pull itself out of some dark days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, merely not all restaurants have a thing for celebs. Madre'southward was inspired by J.Lo's mom and grandmother's cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described it every bit "a family restaurant with a little bit of sexiness to information technology."
Information technology lasted about half dozen years before mysteriously closing its doors in 2008. The Latin American eatery featured some of the civilisation'south most typical dishes, but J.Lo'south proper name wasn't plenty to entice the public. No official reason was ever given for the conclusion to close it downward, but the assumption 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 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 outset and good fizz, but the novelty eventually faded, and information technology failed to make the necessary turn a profit to stay open. To top it all off, the business partners got involved in a money laundering scandal, making it clear that information technology was better for this cafe chain to close its doors for skillful.
Steven Spielberg – Dive Eating place
Steven Spielberg's mind seems to overflow with amazing ideas, but Dive Restaurant wasn't i of them. In 1994, he decided to open up a nautical-themed restaurant in Beverly Hills. The identify 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 it started to wear off, resulting in dismal merchandise sales, which were a huge selling bespeak for the business. In 1999, the restaurant officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Blob Hogan – Pastamania Restaurant
When Hulkmania was at its peak, Hulk Hogan decided to innovate Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be potent and tough like Hulk Hogan, correct? Although information technology definitely seemed like a solid business organization investment idea back in 1995, information technology didn't piece of work out in the cease.
The menu wasn't that different from your standard pasta restaurant carte, apart from the fact that it was branded by everyone's favorite wrestling guy. The eating house shut its doors almost a twelvemonth later, assuasive the Pastamania name to be used past a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the merely Trump business venture that failed to plough a profit back in the day. With his focus on existent manor, it's 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 downwardly 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 airtight down after failing to thrive in the struggling marketplace.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a pop member of Fall Out Boy, and several other musicians decided it was time to open a nightclub. Wentz claimed he merely wanted a identify for him and his friends to hang out. Later, the society launched in several other locations, including Chicago.
The hype of the glory-endemic nightclub died downwards after it was reported that the New York location got caught serving alcohol to minors and had to close down in 2012. A few years afterward, they likewise closed the Chicago location — and that was the end of the Autumn Out Boy nightclub.
Jim McMahon – McMahon'south Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and too thought he could make a name for himself past investing in a eating place — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine among those in the banking company loan globe.
The eating place was first chosen 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 practices, and McMahon had to distance himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — recollect her role as a guest estimate on flavor 4 of MasterChef? In 2008, she backed a Los Angeles eating house chosen 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 guild to restructure $5.7 1000000 worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new ownership (without Longoria) and with a new name, Viva Hollywood, merely that restaurant eventually closed equally well.
Jay-Z – J-Hotels
The world's start billionaire rapper is no stranger to successful business organization ventures, just the idea that "the heaven 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'southward Chelsea surface area, only lack of funding and a recession halted the structure.
The recession going on at the time basically made it harder to go the funding needed, and the whole business project was put on hold in 2008. Information technology looks like it never resumed, probably because Jay-Z became interested in plenty of other appealing ventures.
Natalie Portman – Té Casan
Let's have a interruption from restaurants and hotels for a while and get to 2008, which really seemed to be a prime time for glory business 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 become. Unfortunately, the loftier price of the shoes didn't exactly appeal to consumers — non fifty-fifty 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 superlative 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 loftier-quality dishes that were too 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 shut its doors after struggling to make plenty turn a profit.
Beyonce – House of Deréon
That'due south 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 female parent, 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 first, it was ultimately criticized for its high prices. In 2008, the line as well came under burn down for its advertising 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 besides tried to fiddle in the manner globe. The eccentric singer is known for her fashion sense, so it seemed merely fair to see if the rest of the world (or at least London) would take hold of on to her wait. She opened Lucy in Disguise, a vintage clothing store, with her sister in 2010.
The store'due south location was 1 of the reasons for its failure — London's Covent Garden. High existent estate prices forced the company to move to a somewhat cheaper holding in Soho, simply information technology wasn't enough to save the business, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a adequately modernistic business venture launched by Neil Young in 2014. It was actually successfully crowdfunded via the pop platform Kickstarter, where it raised $6.2 meg. The device was advertised as a mod-solar day iPod with hi-resolution music service, but it was criticized for its poor design and high price tag ($400).
Three years after, Neil Young ceased operations and airtight the PonoMusic shop, which sold downloadable music. The reason? Tape companies were charging likewise much for hi-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 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating among pop pic props attracted endorsements from some of the biggest Hollywood names, just it 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 brand a profit. This prompted investors like Arnold Schwarzenegger to move on and cut ties with the business. Planet Hollywood is withal 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 likewise. In 1997, he dabbled in the nutrient industry in an endeavor to make more than money, of course. The theme of The Clubhouse was golf, and dissimilar many other glory restaurants, information technology managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive look and style of a golf clubhouse that was open to the public. Ironically, it opened correct across from Planet Hollywood, which was endmost at the time. The business began to neglect 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 most sports celebrities. The former Blood-red Sox pitcher wanted to endeavour 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 company released an action role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company alleged bankruptcy in 2012 after only releasing a unmarried game. Despite the business' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had large visions and a adept 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 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'south Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the pop rapper decided to combine his love of fast nutrient with business concern by opening a eating house in Clinton, Iowa. Although it sounds yummy, the business really didn't last that long. In fact, it's 1 of the shortest examples of business organisation failure on the list — iii months.
The eating house closed its doors due to a fallout between Flavor Flav and his business partner, Nick Cimino. The two clashed over operations and money management, leading Flav to determine that fast nutrient really wasn't for him after all — at least when it came to running a concern.
50 Cent – Magic Stick Condom
Magic Stick was l Cent's try at a unique business organisation venture — in condoms. Yes, you read that correct. In 2008, the rapper created a line of condoms, merely he apparently failed to understand the reason behind condoms in the first place. His company's condoms were laced with chemicals designed to increment the wearer'south sexual performance.
The rapper was asked about his failed business organisation venture, and he said, "It just didn't work out considering I wanted things in it that wouldn't work." P.S.: "Candy Store" lyrics were written mode 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 awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as glory lifestyle websites were at their summit, but Lively wasn't a large enough lifestyle figure to attract much involvement.
Celebrity production endorsements are frequently besides expensive for the full general public and can also experience false, which raises concerns when information technology comes to trust. The website was abandoned about a year later, and her lifestyle venture was never mentioned again. That'due south okay, she's however owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a style line that failed to connect with its customers and make sufficient profit. Information technology belonged to Heidi Montag, a pop reality television 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 intendance 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, so she bounced dorsum financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the but Hilton making money moves. Back in the day, her sister Nicky Hilton wanted to stay truthful to her family legacy and open a hotel chain of her own. Nicky O Hotels was a premier luxury hotel brand, gear up to launch in Miami and subsequently 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 entertainment with luxury and design. However, the project failed to see the light of day after a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo's loftier-end Sweetface clothing line was yet another failure in the celebrity style world. Attempting to combine urban streetwear with mod manner, the line failed to deliver anything unique that couldn't be constitute for a cheaper price in a store down the street — according to shoppers' feedback.
Customers complained about high prices as well every bit the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely stop the line's production in 2009. Fun fact: Sweetface was J.Lo's 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
Post a Comment for "Is Donald Trump Gonna Be Elected Again for 4 Moreneyears"