Donald Trump You People Know a Lot About Trucks
Investing in a business to ensure you have a stable income seems like a wise decision — until information technology 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, just it takes conscientious planning to avoid embarrassing business disasters.
Depending on your age, you probably remember these unforgettable celebrity concern flops. Call up you tin can guess who lost the nearly? Allow's have a await!
Britney Spears – Nyla Restaurant
When Britney Spears opened Nyla Eatery in 2002, the buzz was real. She was in her prime 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 departure from the concern occurred in the same year after she butted heads with the management, who claimed she was responsible for the restaurant'southward debt and other financial problems. Fun fact: The eatery was supposed to be chosen "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians are definitely business moguls, only non all their business ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians appear a controversial debut of a prepaid debit carte featuring the sisters' faces on the front. The business failed a month after its launch when the legality of sure fees raised concerns.
An chaser claimed the high fees were unfair and unethical, particularly for the Kardashians' largely immature developed fanbase. Many reputable websites took notation of the "Kardashian Kard ripoff," which prompted the Kardashian family'due south attorney to take immediate action and terminate the business concern to protect their reputation.
Kanye West – Pastelle Article of clothing Line
Yeezy has had enough of fashion 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 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 need to invest at least $100 million when you'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 well-nigh his business 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.
Red carpets, golden and other luxury elements cost Trump $1 meg per aircraft. Three months after the launch, i of his planes almost crashed. The near miss, rising fuel prices and a bank loan of $380 million made Trump decide it was fourth dimension to leave his aviation dreams behind and try something else.
Paris Hilton – Dollhouse Collection
Information technology has been proven enough of times that Paris Hilton knows what she's doing when information technology comes to business. The Hilton heir has made quite a name for herself, simply not every idea resulted in greenbacks in the bank. In 2008, Paris Hilton for Dollhouse was released.
Information technology was a collaboration betwixt Hilton and the popular clothing label, and admittedly everyone was buzzing virtually it. The collection basically had Paris' face up and name on about every article of clothing. Unfortunately, the glory didn't last long, and Paris moved on to other business organization ventures that garnered more appeal.
Oprah Winfrey – OWN
In 2011, Oprah was the talk of the town when she decided to operate a cable channel attainable to 80 million homes. The Oprah Winfrey Network (OWN) was an ambitious thought, with more than $500 million invested in the project. Unfortunately, her team failed from the beginning to sympathize what people responded to and how they watched cable channels. Low ratings and viewership striking the network difficult.
OWN was arguably Oprah'southward biggest failure, but unlike other celebrities on our listing, Oprah however hasn't completely given upwardly on her business venture. Who knows? Mayhap OWN is finally on rails to pull itself out of some dark days.
Jennifer Lopez – Madre's Eatery
Celebrities have a matter for restaurants, simply non all restaurants take a affair for celebs. Madre'southward was inspired by J.Lo's mom and grandmother's cooking, and information technology started its bumpy journey in 2002 in Pasadena, California. In her own words, she described it as "a family restaurant with a little bit of sexiness to it."
Information technology lasted about vi years earlier mysteriously closing its doors in 2008. The Latin American eating house featured some of the civilisation'due south most typical dishes, only J.Lo'south proper name wasn't plenty to entice the public. No official reason was ever given for the decision to close information technology down, only the assumption is poor operation.
Naomi Campbell & Friends – The Way 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 confront of a glamour-themed cafe concatenation called Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid start and proficient buzz, but the novelty somewhen faded, and it failed to make the necessary profit to stay open up. To meridian it all off, the business partners got involved in a coin laundering scandal, making it clear that it was better for this cafe chain to shut its doors for proficient.
Steven Spielberg – Dive Restaurant
Steven Spielberg's heed seems to overflow with amazing ideas, simply Dive Eatery wasn't ane of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The identify was filled with impressive dive-themed decor and fifty-fifty featured a simulated diving session experience.
That all the same wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of information technology started to wear off, resulting in dismal trade sales, which were a huge selling betoken for the concern. In 1999, the restaurant officially shut its doors and became a learning lesson for what non to exercise in the niche of themed restaurants.
Blob Hogan – Pastamania Restaurant
When Hulkmania was at its pinnacle, Hulk Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to exist stiff and tough like Hulk Hogan, correct? Although it definitely seemed like a solid business investment idea back in 1995, it didn't work out in the end.
The menu wasn't that dissimilar from your standard pasta eating house carte du jour, autonomously from the fact that information technology was branded by anybody's favorite wrestling guy. The restaurant close its doors almost a year later on, allowing the Pastamania name to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the but Trump business venture that failed to turn a profit back in the solar day. With his focus on real estate, information technology's not surprising he tried to dip into the mortgage business organization. The success of this venture was very short lived.
Most 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's background. In 2007, Trump Mortgage officially closed downwards subsequently 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 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 glory-owned nightclub died down afterward it was reported that the New York location got caught serving booze to minors and had to shut downwards in 2012. A few years later, they besides closed the Chicago location — and that was the end of the Autumn 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 by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into business with some pretty questionable characters whose reputation wasn't pristine amongst those in the bank loan world.
The eating place was get-go called Chicago Stadium, only the owners of the Chicago Stadium quickly sued McMahon and his other business partners. Co-ordinate to reports, the eating house 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 — remember her role as a invitee judge on season 4 of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time earlier closing its doors in 2011 among a ton of drama.
The business filed for bankruptcy in society to restructure $five.7 million 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, simply that restaurant eventually airtight as well.
Jay-Z – J-Hotels
The world'due south kickoff billionaire rapper is no stranger to successful business ventures, but 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 up in Manhattan's Chelsea area, only lack of funding and a recession halted the construction.
The recession going on at the time basically made it harder to get the funding needed, and the whole business project was put on hold in 2008. It looks similar information technology never resumed, probably because Jay-Z became interested in enough of other highly-seasoned ventures.
Natalie Portman – Té Casan
Let's have a suspension from restaurants and hotels for a while and go to 2008, which actually seemed to be a prime time for celebrity business investments and hotels. Natalie Portman was ahead of her fourth dimension 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 style to go. Unfortunately, the loftier toll 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 try other business concern ventures and invested in a big café in Atlanta that seated 105 guests.
The menu consisted of high-quality dishes that were likewise considered good for you. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. Iii years later, Cafe Dupri had to close its doors after struggling to make plenty profit.
Beyonce – Firm 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'southward maternal grandmother.
The style mixed the influences of hip hop with high fashion, and although information technology seemed similar it was taking off at beginning, it was ultimately criticized for its high prices. In 2008, the line also came under fire for its ad with little girls wearing full 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 mode world. The eccentric singer is known for her fashion sense, then it seemed only fair to see if the residuum of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage clothing store, with her sister in 2010.
The store's location was one of the reasons for its failure — London's Covent Garden. High real estate prices forced the company to move to a somewhat cheaper holding in Soho, but it wasn't enough to save the business organisation, and it ceased operations in 2012.
Neil Young – PonoPlayer
PonoPlayer was a fairly mod business venture launched past Neil Young in 2014. It was actually successfully crowdfunded via the pop platform Kickstarter, where information technology raised $6.2 million. The device was advertised as a modern-mean solar day iPod with hi-resolution music service, merely it was criticized for its poor design and loftier price tag ($400).
Three years after, 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 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the make. The initial hype of eating among popular pic props attracted endorsements from some of the biggest Hollywood names, but information technology wasn't all sunshine and rainbows.
The business organisation filed for defalcation 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 cutting ties with the concern. Planet Hollywood is still around merely 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 nutrient manufacture in an attempt to make more money, of grade. The theme of The Clubhouse was golf, and unlike many other celebrity restaurants, it managed to last a surprisingly long fourth dimension.
Based in Costa Mesa, California, it featured the exclusive look and style of a golf game clubhouse that was open to the public. Ironically, it opened right beyond 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 abstraction of Curt Schilling, who had a different vision than most sports celebrities. The onetime Cherry-red Sox pitcher 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 visitor released an activity role-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 later on only releasing a unmarried game. Despite the concern' 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, just in 2011, the popular producer ventured into the globe 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 bargain earlier the contract was over. The drink wasn't marketed effectively, and the Qream dream died with minimal fanfare.
Flavour Flav – Flavor Flav's Chicken & Ribs
Who doesn't know Flavour Flav? In 2011, the pop rapper decided to combine his love of fast food with business past opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business organization really didn't last that long. In fact, information technology's one of the shortest examples of concern failure on the list — three months.
The restaurant closed its doors due to a fallout betwixt Flavor Flav and his business partner, Nick Cimino. The 2 clashed over operations and money management, leading Flav to decide that fast nutrient really wasn't for him after all — at least when it came to running a business.
l Cent – Magic Stick Condom
Magic Stick was 50 Cent'due south try at a unique business venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, simply he apparently failed to understand the reason behind condoms in the beginning place. His company's condoms were laced with chemicals designed to increase the wearer's sexual performance.
The rapper was asked about his failed concern venture, and he said, "It just didn't work out because I wanted things in it that wouldn't work." P.S.: "Candy Store" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of sense of humor she shares with her even more awesome married man. In 2014, she decided to launch a lifestyle website. The timing was perfect, as celebrity lifestyle websites were at their summit, only Lively wasn't a large plenty lifestyle effigy to attract much involvement.
Celebrity product endorsements are oftentimes too expensive for the general public and can also feel fake, 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's okay, she'south even so owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and brand sufficient profit. It belonged to Heidi Montag, a popular reality television receiver character who wanted to be known for more just her dramatic Boob tube roles. She launched Heidiwood in 2007 in collaboration with Ballast Bluish Retail.
Although the line looked promising, customers didn't actually treat the overpriced items, and her contract wasn't renewed the post-obit year. She returned to reality TV and is nonetheless a prominent effigy 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 coin moves. Back in the solar day, her sister Nicky Hilton wanted to stay true to her family unit legacy and open up 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 earth of amusement with luxury and design. However, the project failed to come across the lite of twenty-four hours after a lawsuit confronting Hilton highlighted an alleged alienation of contract.
Jennifer Lopez – Sweetface
Making the list once again, J.Lo's high-end Sweetface clothing line was yet another failure in the glory fashion world. Attempting to combine urban streetwear with modernistic mode, the line failed to evangelize anything unique that couldn't be establish for a cheaper price in a shop downward the street — co-ordinate to shoppers' feedback.
Customers complained about high prices too equally the quality of the clothes. Negative feedback and poor sales forced Kohl's to completely finish the line's production in 2009. Fun fact: Sweetface was J.Lo's nickname, given to her past her old managing director.
moreaulithervithed.blogspot.com
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
0 Response to "Donald Trump You People Know a Lot About Trucks"
Postar um comentário