Interview Donald Trump Made It Okay to Celebrate Christmas Again Comedy Central
Investing in a business to ensure you take a stable income seems like a wise decision — until it isn't. Even celebrities who already accept a ton of cash tin can't be careless most choosing investments if they want to stay rich. From restaurants to wearable lines, the opportunities are plentiful, but it takes conscientious planning to avoid embarrassing business disasters.
Depending on your age, yous probably call up these unforgettable glory business flops. Call back you lot can estimate who lost the most? Let'due south take a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eatery in 2002, the fizz was real. She was in her prime years, and information technology seemed logical she would invest in a dissimilar 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 after she butted heads with the direction, who claimed she was responsible for the eating place's debt and other fiscal issues. Fun fact: The eating house was supposed to be chosen "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely business moguls, simply not all their business organisation ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit bill of fare 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 annotation of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to accept immediate action and terminate the business to protect their reputation.
Kanye W – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Earlier his other fashion lines, in that location 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 amount of money to get the business off the basis. Kanye himself said you demand to invest at least $100 million when you lot're making a new make, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know about his business organisation failures. One of those epic failures was a very ambitious airline. Back in 1988, Donald Trump introduced his ain branded airline shuttle. The luxury shuttle service was supposed to run between Washington D.C., Boston and New York.
Blood-red carpets, gold and other luxury elements cost Trump $i million per aircraft. Three months afterward the launch, one of his planes almost crashed. The almost miss, rising fuel prices and a bank loan of $380 million fabricated Trump decide it was time to leave his aviation dreams behind 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 concern. The Hilton heir has fabricated 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 almost it. The collection basically had Paris' face and name on almost every article of article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business 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 (OWN) was an ambitious idea, with more than than $500 million invested in the project. Unfortunately, her squad failed from the start to sympathise what people responded to and how they watched cable channels. Low ratings and viewership hitting the network hard.
OWN was arguably Oprah's biggest failure, but dissimilar other celebrities on our list, Oprah still hasn't completely given up on her business organisation venture. Who knows? Peradventure OWN is finally on rails to pull itself out of some dark days.
Jennifer Lopez – Madre's Restaurant
Celebrities have a thing for restaurants, just not all restaurants take a thing for celebs. Madre's was inspired by J.Lo'south mom and grandmother's cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her ain words, she described it every bit "a family restaurant with a little chip of sexiness to it."
Information technology lasted about half-dozen years before mysteriously endmost its doors in 2008. The Latin American eating place featured some of the culture's about typical dishes, merely J.Lo's proper name 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 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 ventures. In 1995, she became the face of a glamour-themed cafe chain chosen Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid commencement and good buzz, only the novelty eventually faded, and it failed to make the necessary profit to stay open. To height it all off, the business partners got involved in a coin laundering scandal, making it clear that it was improve for this cafe chain to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg's listen seems to overflow with astonishing ideas, but Dive Eating place wasn't ane of them. In 1994, he decided to open a nautical-themed eatery in Beverly Hills. The place was filled with impressive dive-themed decor and even featured a imitation diving session experience.
That still wasn't enough to charm the enervating Beverly Hills crowd, and the novelty of it started to wearable off, resulting in dismal merchandise sales, which were a huge selling point for the business. In 1999, the eating place officially close its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Blob Hogan – Pastamania Eatery
When Hulkmania was at its peak, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating feel. Who wouldn't want to be stiff 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 menu wasn't that different from your standard pasta eatery menu, apart from the fact that it was branded by everyone'southward favorite wrestling guy. The eating house shut its doors virtually a yr subsequently, assuasive the Pastamania name to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business organization venture that failed to turn a profit dorsum in the mean solar day. With his focus on real estate, it'due south not surprising he tried to dip into the mortgage business. The success of this venture was very curt 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'south groundwork. In 2007, Trump Mortgage officially closed downward afterward 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 information technology was fourth dimension to open a nightclub. Wentz claimed he just 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-owned nightclub died down afterwards 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, they besides closed the Chicago location — and that was the terminate of the Fall Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Bear Jim McMahon made a name for himself in the NFL in the '90s and also thought he could brand a name for himself past investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine among those in the bank loan world.
The restaurant was starting time called Chicago Stadium, just the owners of the Chicago Stadium quickly sued McMahon and his other business partners. According to reports, the restaurant participated in some shady business organization practices, and McMahon had to distance himself from it.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her part as a guest approximate on flavor 4 of MasterChef? In 2008, she backed a Los Angeles eating place 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 organization filed for defalcation in social club to restructure $5.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso afterwards relaunched nether new ownership (without Longoria) and with a new proper noun, Viva Hollywood, but that restaurant somewhen closed besides.
Jay-Z – J-Hotels
The world'south beginning billionaire rapper is no stranger to successful business organization ventures, only the thought 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'southward Chelsea area, but lack of funding and a recession halted the structure.
The recession going on at the time basically fabricated it harder to get the funding needed, and the whole business project was put on concur in 2008. It looks like it never resumed, probably because 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 go to 2008, which really seemed to exist a prime number fourth dimension for celebrity business investments and hotels. Natalie Portman was alee 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 way to go. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not 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 acme 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 salubrious. Although it seemed like a decent idea and the cafe had large expansion dreams, the success didn't concluding. Three years later, Cafe Dupri had to close its doors subsequently struggling to make plenty profit.
Beyonce – House of Deréon
That'south correct — Queen B has experienced many failures forth with her success. Sounding similar a house out of Game of Thrones, House of Deréon was a style line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce's maternal grandmother.
The way mixed the influences of hip hop with loftier mode, and although information technology seemed like it was taking off at first, it was ultimately criticized for its high prices. In 2008, the line also came under burn down for its ad with fiddling girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal notice.
Lily Allen – Lucy in Disguise
Lily Allen besides tried to dabble in the manner earth. The eccentric singer is known for her fashion sense, so it seemed but off-white to meet if the rest of the globe (or at least London) would take hold of on to her look. She opened Lucy in Disguise, a vintage vesture store, with her sister in 2010.
The store'southward location was one of the reasons for its failure — London's Covent Garden. Loftier real estate prices forced the company to motion to a somewhat cheaper property in Soho, merely it wasn't enough to salve the business concern, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly mod business concern venture launched by Neil Immature in 2014. It was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $half-dozen.ii meg. The device was advertised every bit a modern-day iPod with hello-resolution music service, just it was criticized for its poor pattern and high price tag ($400).
Three years after, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Tape companies were charging besides much for how-do-you-do-res music formats, and the business organisation 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 awareness 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 movie props attracted endorsements from some of the biggest Hollywood names, just 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 brand a profit. This prompted investors similar Arnold Schwarzenegger to motility on and cutting ties with the business. Planet Hollywood is still effectually just 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 also. In 1997, he dabbled in the food industry in an attempt to brand more coin, of course. The theme of The Clubhouse was golf game, and unlike many other celebrity restaurants, it managed to concluding a surprisingly long time.
Based in Costa Mesa, California, it featured the sectional wait and style of a golf clubhouse that was open up to the public. Ironically, it opened right beyond from Planet Hollywood, which was closing at the time. The business began to neglect in 2007.
Brusk 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 quondam Cherry Sox bullpen wanted to endeavor 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 role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared defalcation in 2012 after only releasing a single game. Despite the business concern' failure, the game was pretty well received by the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had large visions and a good 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 later on it 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'south Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the pop rapper decided to combine his honey of fast food with business concern past opening a restaurant in Clinton, Iowa. Although information technology sounds yummy, the business actually didn't terminal that long. In fact, it's i of the shortest examples of business concern failure on the list — three months.
The eatery closed its doors due to a fallout betwixt Season 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 after all — at least when information technology came to running a business organisation.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent's try at a unique business venture — in condoms. Yeah, yous read that right. In 2008, the rapper created a line of condoms, but he apparently failed to sympathise the reason behind condoms in the outset place. His company'southward condoms were laced with chemicals designed to increment the wearer's sexual operation.
The rapper was asked most his failed business venture, and he said, "It but didn't piece of work out because I wanted things in it that wouldn't work." P.S.: "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 humour she shares with her even more than awesome hubby. In 2014, she decided to launch a lifestyle website. The timing was perfect, as glory lifestyle websites were at their peak, simply Lively wasn't a large enough lifestyle figure to attract much interest.
Celebrity product endorsements are ofttimes also expensive for the general public and tin can also feel imitation, which raises concerns when it comes to trust. The website was abandoned well-nigh a year later, and her lifestyle venture was never mentioned again. That's okay, she'southward even so 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 television receiver character who wanted to be known for more than just her dramatic Telly roles. She launched Heidiwood in 2007 in collaboration with Anchor Bluish Retail.
Although the line looked promising, customers didn't really intendance for the overpriced items, and her contract wasn't renewed the post-obit year. She returned to reality TV and is still a prominent figure in the celebrity gossip world, then she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making coin moves. Dorsum 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, 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 appetite was to combine the world of entertainment with luxury and design. However, the projection failed to see the light of day subsequently a lawsuit against Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the listing once again, J.Lo'southward high-end Sweetface clothing line was still another failure in the celebrity fashion world. Attempting to combine urban streetwear with mod fashion, the line failed to deliver annihilation unique that couldn't be found for a cheaper price in a store downwardly the street — according to shoppers' feedback.
Customers complained nigh high prices as well every bit the quality of the wearing apparel. 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 sometime 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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