Reviews of the Dangerous Case of Donald Trump
Investing in a business to ensure you take 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 about choosing investments if they want to stay rich. From restaurants to vesture lines, the opportunities are plentiful, but it takes careful planning to avoid embarrassing business disasters.
Depending on your age, you probably call back these unforgettable glory business flops. Think y'all can guess who lost the nigh? Let'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 years, and it seemed logical she would invest in a unlike type of concern. Nyla was located in the Dylan Hotel in Manhattan, New York Urban center.
Her departure from the business occurred in the same twelvemonth after she butted heads with the direction, who claimed she was responsible for the restaurant'south debt and other fiscal 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 concern moguls, but non all their business organisation 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 forepart. The concern failed a month subsequently 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 developed fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family's attorney to take immediate activity and terminate the business to protect their reputation.
Kanye 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 vesture 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 become the business off the ground. Kanye himself said you need to invest at least $100 meg when yous'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 organisation failures. One of those ballsy 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.
Reddish carpets, gold and other luxury elements price Trump $i million per aircraft. Three months after the launch, one of his planes almost crashed. The almost miss, ascension 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
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 made quite a proper 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 between Hilton and the popular clothing label, and absolutely everyone was buzzing about information technology. The collection basically had Paris' face and proper noun on almost every article of habiliment. 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 80 million homes. The Oprah Winfrey Network (OWN) was an ambitious idea, with more than than $500 million invested in the project. Unfortunately, her team failed from the beginning to understand what people responded to and how they watched cable channels. Low ratings and viewership hit the network hard.
OWN was arguably Oprah'southward biggest failure, merely different other celebrities on our list, Oprah still hasn't completely given upwards on her business organization venture. Who knows? Perchance Own is finally on track to pull itself out of some dark days.
Jennifer Lopez – Madre's Eating place
Celebrities accept a thing for restaurants, but not all restaurants accept a thing for celebs. Madre's was inspired past J.Lo'southward mom and grandmother'due south cooking, and it started its bumpy journeying in 2002 in Pasadena, California. In her own words, she described information technology equally "a family restaurant with a little bit of sexiness to information technology."
It lasted nearly six years before mysteriously closing its doors in 2008. The Latin American restaurant featured some of the culture's nigh typical dishes, just J.Lo'southward name wasn't enough to entice the public. No official reason was ever given for the conclusion to shut it downwards, but the assumption is poor performance.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided it was time to bask some passive income in the course 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.
It had a solid start and good buzz, but the novelty eventually faded, and information technology failed to make the necessary profit to stay open. To top information technology all off, the business organization partners got involved in a coin laundering scandal, making it clear that it was ameliorate for this buffet chain to close its doors for good.
Steven Spielberg – Dive Restaurant
Steven Spielberg'due south mind seems to overflow with amazing ideas, simply Swoop Restaurant wasn't one 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 fifty-fifty featured a fake diving session experience.
That nonetheless wasn't enough to charm the enervating 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.
Hulk Hogan – Pastamania Restaurant
When Hulkmania was at its elevation, Hulk Hogan decided to innovate Minneapolis' Mall of America to the ultimate Blob eating experience. Who wouldn't want to be strong and tough like Hulk Hogan, right? Although information technology definitely seemed similar a solid business investment idea back in 1995, it didn't work out in the cease.
The bill of fare wasn't that different from your standard pasta restaurant menu, autonomously from the fact that it was branded past everyone's favorite wrestling guy. The eatery close its doors virtually a year afterward, allowing the Pastamania proper name to be used past a fast food chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump business organisation venture that failed to turn a profit back in the day. With his focus on real manor, information technology's not surprising he tried to dip into the mortgage business organisation. The success of this venture was very brusque lived.
About 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'due south background. In 2007, Trump Mortgage officially closed down later on 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 just wanted a place for him and his friends to hang out. Later, the social club launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died down afterward it was reported that the New York location got caught serving alcohol to minors and had to shut down in 2012. A few years after, they also closed the Chicago location — and that was the end of the Fall Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Bear Jim McMahon fabricated a name for himself in the NFL in the '90s and also thought he could make a proper noun for himself by 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 chosen Chicago Stadium, just 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 altitude himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her role as a guest judge on season four of MasterChef? In 2008, she backed a Los Angeles eatery 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 organization filed for defalcation in club to restructure $5.seven million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new buying (without Longoria) and with a new proper name, Viva Hollywood, just that restaurant somewhen closed as well.
Jay-Z – J-Hotels
The world's first billionaire rapper is no stranger to successful business organisation ventures, only the idea that "the sky is the limit" definitely doesn't employ 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, but lack of funding and a recession halted the construction.
The recession going on at the time basically fabricated information technology harder to get the funding needed, and the whole concern project was put on agree in 2008. It looks similar information technology never resumed, probably because Jay-Z became interested in plenty of other highly-seasoned ventures.
Natalie Portman – Té Casan
Allow's take a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime number 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.
Every bit a long-term vegan, she felt the demand 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'due south 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 effort other business ventures and invested in a large café in Atlanta that seated 105 guests.
The menu consisted of loftier-quality dishes that were also considered healthy. Although information technology seemed like a decent idea and the buffet had big expansion dreams, the success didn't last. Three years after, Cafe Dupri had to shut its doors afterward struggling to make enough profit.
Beyonce – House of Deréon
That's right — Queen B has experienced many failures along with her success. Sounding like a 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 proper name paid tribute to Beyonce'due south maternal grandmother.
The style mixed the influences of hip hop with high manner, and although it seemed like it was taking off at starting time, it was ultimately criticized for its high prices. In 2008, the line besides came nether fire for its advertising with trivial girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal find.
Lily Allen – Lucy in Disguise
Lily Allen likewise tried to dabble in the manner world. The eccentric singer is known for her fashion sense, and then it seemed only fair to see if the rest of the world (or at least London) would catch on to her expect. She opened Lucy in Disguise, a vintage wearable store, with her sister in 2010.
The store's location was ane of the reasons for its failure — London's Covent Garden. Loftier existent estate prices forced the company to move to a somewhat cheaper property in Soho, but it wasn't enough to save the business organisation, and information technology 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 $6.2 million. The device was advertised every bit a modern-solar day iPod with hi-resolution music service, simply it was criticized for its poor design and high price tag ($400).
Three years later, 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 make 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 popular motion-picture show props attracted endorsements from some of the biggest Hollywood names, just it wasn't all sunshine and rainbows.
The business organisation 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 motion on and cut ties with the business organization. Planet Hollywood is however around just with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely pop investments for celebrities, and Kevin Costner was in on the idea too. In 1997, he dabbled in the food industry in an attempt to brand more money, of course. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, information technology managed to final a surprisingly long time.
Based in Costa Mesa, California, it featured the exclusive look and style of a golf clubhouse that was open up to the public. Ironically, it opened right across from Planet Hollywood, which was closing at the time. The business began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its time, 38 Studios was the brainchild of Curt Schilling, who had a unlike vision than most sports celebrities. The erstwhile Red Sox bullpen wanted to endeavor something new, so he launched a video game business concern in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an activeness function-playing game chosen Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company alleged bankruptcy in 2012 after but releasing a single game. Despite the business' failure, the game was pretty well received by the gaming customs.
Pharrell Williams – Qream Liqueur
Pharrell Williams ever had big visions and a skilful ear for music, simply in 2011, the popular producer ventured into the earth 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 carelessness the deal before the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Season Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his dear of fast food with concern by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business concern really didn't last that long. In fact, it's i of the shortest examples of business failure on the list — 3 months.
The restaurant closed its doors due to a fallout between Flavor Flav and his business concern partner, Nick Cimino. The two clashed over operations and money management, leading Flav to decide that fast food actually wasn't for him later on all — at least when it came to running a business.
50 Cent – Magic Stick Condom
Magic Stick was 50 Cent'southward 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 behind condoms in the starting time identify. His company's condoms were laced with chemicals designed to increase the wearer'southward sexual functioning.
The rapper was asked about his failed business venture, and he said, "It but didn't work out because I wanted things in it that wouldn't work." P.Southward.: "Processed Store" lyrics were written manner earlier the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the crawly sense of humour she shares with her even more crawly husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, every bit celebrity lifestyle websites were at their peak, merely Lively wasn't a large enough lifestyle figure to attract much interest.
Celebrity product endorsements are oft too expensive for the general public and tin also feel imitation, which raises concerns when it comes to trust. The website was abandoned about a year subsequently, and her lifestyle venture was never mentioned once more. That's okay, she'south still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient profit. Information technology belonged to Heidi Montag, a popular reality boob tube graphic symbol who wanted to exist known for more 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 really care for the overpriced items, and her contract wasn't renewed the following year. She returned to reality TV and is however 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 only Hilton making money moves. Back in the twenty-four hour period, her sis Nicky Hilton wanted to stay true to her family 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 entertainment with luxury and pattern. However, the project failed to run into the light of 24-hour interval subsequently a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo'southward high-end Sweetface clothing line was still another failure in the celebrity fashion earth. Attempting to combine urban streetwear with modern style, the line failed to deliver anything unique that couldn't be found for a cheaper price in a shop down the street — according to shoppers' feedback.
Customers complained about high prices as well as the quality of the apparel. Negative feedback and poor sales forced Kohl's to completely cease the line's production in 2009. Fun fact: Sweetface was J.Lo'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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