Why Does Trump Say Make America Great Again
Investing in a business organization to ensure you lot accept a stable income seems like a wise determination — until it isn't. Fifty-fifty celebrities who already have a ton of cash can't be careless well-nigh choosing investments if they want to stay rich. From restaurants to habiliment lines, the opportunities are plentiful, merely information technology takes conscientious planning to avoid embarrassing concern disasters.
Depending on your age, you probably call up these unforgettable celebrity business flops. Think y'all can approximate who lost the near? Permit's take a look!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eating house in 2002, the buzz was real. She was in her prime number years, and it seemed logical she would invest in a dissimilar type of business. Nyla was located in the Dylan Hotel in Manhattan, New York City.
Her divergence from the business occurred in the same twelvemonth after she butted heads with the direction, who claimed she was responsible for the eating house'south debt and other financial problems. 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, but 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 card featuring the sisters' faces on the front. The business organization failed a calendar month later 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 immature adult fanbase. Many reputable websites took annotation of the "Kardashian Kard ripoff," which prompted the Kardashian family's chaser to have firsthand 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. Before his other style 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 money to get the business off the ground. Kanye himself said you demand to invest at least $100 million when you're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know about his business failures. One 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 betwixt Washington D.C., Boston and New York.
Red carpets, gold and other luxury elements cost Trump $1 million per shipping. Three months subsequently the launch, one of his planes virtually crashed. The near miss, rising fuel prices and a bank loan of $380 million made Trump decide it was time to leave his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Drove
It has been proven plenty of times that Paris Hilton knows what she'southward doing when it comes to business organisation. The Hilton heir has made quite a name for herself, but non every idea resulted in greenbacks in the banking concern. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration betwixt Hilton and the popular clothing label, and absolutely everyone was buzzing nearly it. The drove basically had Paris' face and proper noun on well-nigh every 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 lxxx one thousand thousand 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 starting time to sympathise 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, merely dissimilar other celebrities on our listing, Oprah nevertheless hasn't completely given up on her business organization venture. Who knows? Maybe 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 take a affair for celebs. Madre'southward was inspired by J.Lo'south mom and grandmother's cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described it as "a family unit restaurant with a footling bit of sexiness to it."
It lasted about six years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's most typical dishes, simply J.Lo's name wasn't enough to entice the public. No official reason was always given for the determination to shut information technology downward, but the supposition 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 concatenation called Fashion Café along with Christy Turlington, Elle Macpherson and Claudia Schiffer.
Information technology had a solid start and practiced fizz, only the novelty somewhen faded, and it failed to brand the necessary turn a profit to stay open. To top it all off, the concern partners got involved in a money laundering scandal, making it clear that information technology was amend for this buffet chain to close its doors for proficient.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, simply Dive Eatery wasn't i of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The identify was filled with impressive swoop-themed decor and even featured a false diving session feel.
That still wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of information technology started to article of clothing off, resulting in dismal merchandise sales, which were a huge selling point for the business. 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, Hulk Hogan decided to innovate Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be stiff and tough like Hulk Hogan, right? Although information technology definitely seemed like a solid concern investment idea dorsum in 1995, information technology didn't work out in the terminate.
The menu wasn't that different from your standard pasta restaurant menu, apart from the fact that it was branded by everyone's favorite wrestling guy. The restaurant close its doors almost a year later, allowing the Pastamania proper noun to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business venture that failed to turn a profit back in the 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 brusk lived.
Most of the Trump Mortgage failure came downwards to poor timing, as the 2006 recession struck, and the mortgage lending industry began to crumble with the marketplace crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially airtight down 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 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 glory-owned nightclub died downwardly 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, they also closed the Chicago location — and that was the stop of the Fall Out Boy nightclub.
Jim McMahon – McMahon'southward Steakhouse
Ex-Chicago Bear Jim McMahon made a proper noun for himself in the NFL in the '90s and too thought he could make 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 amidst those in the bank loan world.
The restaurant was first called Chicago Stadium, but the owners of the Chicago Stadium quickly sued McMahon and his other business partners. Co-ordinate to reports, the restaurant participated in some shady business 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 office as a guest judge on flavour four of MasterChef? In 2008, she backed a Los Angeles eating house called Beso. The place was a hot spot for quite some time before closing its doors in 2011 amongst a ton of drama.
The business filed for defalcation in gild to restructure $5.7 million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso after relaunched under new buying (without Longoria) and with a new proper name, Viva Hollywood, simply that restaurant somewhen closed as well.
Jay-Z – J-Hotels
The world'south first billionaire rapper is no stranger to successful business ventures, but the thought that "the heaven is the limit" definitely doesn't utilise here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan's Chelsea area, only lack of funding and a recession halted the construction.
The recession going on at the time basically fabricated it harder to go the funding needed, and the whole business projection 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
Permit's take a break from restaurants and hotels for a while and go to 2008, which actually seemed to exist a prime number fourth dimension 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 mode 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 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 attempt other business ventures and invested in a big café in Atlanta that seated 105 guests.
The carte du jour consisted of high-quality dishes that were also considered salubrious. Although it seemed like a decent idea and the buffet had large expansion dreams, the success didn't terminal. Iii years afterwards, Cafe Dupri had to close its doors after struggling to make enough profit.
Beyonce – House of Deréon
That's correct — Queen B has experienced many failures along with her success. Sounding like a house out of Game of Thrones, House of Deréon was a way line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce's maternal grandmother.
The manner mixed the influences of hip hop with high fashion, and although it seemed like it was taking off at offset, information technology was ultimately criticized for its loftier prices. In 2008, the line also came nether fire for its ad 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 also tried to fiddle in the mode world. The eccentric vocalizer is known for her fashion sense, so it seemed only fair to see if the balance of the earth (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage wear store, with her sister in 2010.
The store's location was ane of the reasons for its failure — London'southward Covent Garden. High existent estate prices forced the company to movement to a somewhat cheaper holding in Soho, but information technology wasn't enough to save the concern, and information technology ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a adequately modern business organization venture launched past Neil Young in 2014. It was really successfully crowdfunded via the popular platform Kickstarter, where it raised $six.ii million. The device was advertised every bit a mod-day iPod with hi-resolution music service, simply information technology was criticized for its poor blueprint and high price tag ($400).
Three years subsequently, Neil Young ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Record companies were charging too 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 than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the make. The initial hype of eating among popular movie 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 information technology could financially sustain itself and brand a profit. This prompted investors like Arnold Schwarzenegger to move on and cut ties with the concern. 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 food manufacture in an attempt to make more money, of class. 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 sectional look and style of a golf clubhouse that was open to the public. Ironically, it opened right across from Planet Hollywood, which was closing at the time. The concern began to fail in 2007.
Brusk Schilling – 38 Studios
A unique business concern venture for its time, 38 Studios was the abstraction of Curt Schilling, who had a dissimilar vision than most sports celebrities. The quondam Cherry Sox bullpen wanted to effort 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 activeness role-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming visitor declared bankruptcy in 2012 after only releasing a single game. Despite the business organisation' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams always had big visions and a good ear for music, but in 2011, the pop 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 afterward it appeared to abandon the deal before the contract was over. The beverage wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the pop rapper decided to combine his beloved of fast food with business past opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business organization really didn't concluding that long. In fact, it's one of the shortest examples of business failure on the list — three months.
The eating house closed its doors due to a fallout between Flavour Flav and his business partner, Nick Cimino. The two clashed over operations and money management, leading Flav to make up one's mind that fast food really wasn't for him after all — at least when information technology came to running a business concern.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent'due south attempt at a unique business venture — in condoms. Yep, y'all read that right. In 2008, the rapper created a line of condoms, but he apparently failed to understand the reason behind condoms in the first place. His company's condoms were laced with chemicals designed to increase the wearer'due south sexual performance.
The rapper was asked about his failed business venture, and he said, "Information technology just didn't piece of work out because I wanted things in information technology that wouldn't work." P.S.: "Candy Shop" lyrics were written way before 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, equally glory lifestyle websites were at their superlative, but Lively wasn't a big enough lifestyle figure to attract much interest.
Celebrity product endorsements are often also expensive for the general public and tin as well 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 once again. That's okay, she's withal owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and make sufficient profit. Information technology belonged to Heidi Montag, a popular reality television set character who wanted to be known for more than than but her dramatic Tv set 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 world, so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Back in the day, her sister Nicky Hilton wanted to stay truthful to her family unit legacy and open up a hotel chain of her own. Nicky O Hotels was a premier luxury hotel make, set up 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 globe of entertainment with luxury and design. Still, the projection failed to encounter the low-cal of mean solar day after a lawsuit confronting Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list once more, J.Lo's high-cease Sweetface clothing line was yet another failure in the celebrity way globe. Attempting to combine urban streetwear with modern fashion, the line failed to evangelize anything unique that couldn't be plant for a cheaper price in a shop downwardly the street — according to shoppers' feedback.
Customers complained virtually high prices as well as the quality of the apparel. Negative feedback and poor sales forced Kohl's to completely terminate the line's product 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
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