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    15 failed celebs businesses

    femme fatale
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    15 failed celebs businesses Empty 15 failed celebs businesses

    Post by femme fatale Fri Sep 16, 2011 8:06 pm

    Britney Spears

    15 failed celebs businesses CNBC_Failed_celeb_businesses_brit

    Business: Nyla Restaurant

    Named after Spears’ two favorite places—New York and Louisiana—Nyla opened in June 2002 in Manhattan’s Dylan Hotel. The restaurant originally featured dishes with a Cajun and Southern flair, with dishes such as Southern sushi and fried okra, with prices ranging from $16 to $26 a dish.

    According to People.com, however, the restaurant received terrible reviews, was cited for several health-code violations, and eventually began to suffer from financial problems. In an attempt to save the business, Nyla underwent a menu overhaul in which the Southern cuisine was dumped in favor of Italian dishes, but this was not enough to keep the restaurant afloat. Less than six months after it opened, Spears severed all ties with the business.

    Steven Spielberg


    15 failed celebs businesses CNBC_Failed_celeb_businesses_dive

    Business: Dive! Restaurant

    The brainchild of director Steven Spielberg and Dreamworks CEO Jeffrey Katzenberg, Dive! was a submarine-themed restaurant in the shape of a neon-yellow submersible. The restaurant’s visitors were surrounded by metal catwalks, pressure gauges, and torpedo-shaped seats. Every half-hour, the restaurant would simulate a "dive" and red lights would flash around the room. Dive! opened in 1994 in Los Angeles, and in 1995 a second restaurant opened in Las Vegas.

    The menu focused on "submarine" sandwiches and contained puns such as "sub-stantial salads" and "sub-lime desserts." The restaurant also generated additional income by selling souvenirs.

    Despite its early success, the restaurant found difficulty in attracting locals as repeat customers. Sales fell short of projections and the sale of merchandise became sluggish. The Los Angeles Dive! closed its doors in 1999, and the Las Vegas restaurant followed soon after.

    Nicky Hilton

    15 failed celebs businesses CNBC_Failed_celeb_businesses_hilton

    Business: Nicky-O Hotels

    As an heir to the Hilton family, Nicky Hilton should have the hotel business running through her veins, but her disastrous attempt at starting up her own hotel chain proved otherwise.

    Hilton’s first venture was planned as a 94-room luxury hotel on Miami’s Ocean Drive, with a second location planned for Chicago. Italian fashion designer Roberto Cavalli was brought in to design the hotel suites. The hotel was scheduled to open in time for the 2007 Super Bowl in Miami and advertised a $1,000 per night Super Bowl package. Unfortunately, plagued by delays, the hotel never opened its doors.

    The project filed for bankruptcy protection in 2007 and Hilton was later sued by the condo hotel developer, who claimed she didn’t keep up her end of their business agreement. The developer said Hilton had promised to promote the project and that she misrepresented her associates. The property eventually was put up for auction, and the Chicago project was abandoned.

    Natalie Portman

    15 failed celebs businesses CNBC_Failed_celeb_businesses_port

    Business: Vegan-Friendly Footwear

    Natalie Portman is an advocate for animal rights, and she only wears clothing and shoes that are not made of animal byproduct. In early 2008, she collaborated with designer Te Casan to launch a vegan-friendly footwear line, which included shoes that were made without harming animals.

    However, customers may have thought that the $200 price tag was a bit high and shortly after, in December 2008, the parent company, Te Casan, closed shop due to failing sales.

    Arnold Schwarzenegger, Multiple Actors

    15 failed celebs businesses CNBC_Failed_celeb_businesses_planet

    Business: Planet Hollywood

    After the success of the Hard Rock Café restaurant chain, CEO Robert Earl created Planet Hollywood. Inside, diners could eat alongside memorabilia and props from various movies and TV shows. Arnold Schwarzenegger, Bruce Willis, and Sylvester Stallone were among the company's celebrity shareholders and the actors helped to promote the restaurant.

    Unable to turn a profit, the restaurant chain filed for bankruptcy protection in 1999. In an attempt to keep the business afloat, many locations were shut and the company focused solely on tourist destinations. These efforts were still not enough, however, and following a decline in spending after the 9/11 terrorist attacks, the company was forced to file for bankruptcy protection for a second time.

    In 2000, Schwarzenegger severed his ties with Planet Hollywood. At the peak of its success, the chain had more than 80 locations around the world, but today only 16 locations remain in operation, including restaurants in New York and Orlando, Fla.

    The Kardashian Sisters

    15 failed celebs businesses CNBC_Failed_celeb_businesses_kard

    Business: The “Kardashian Kard”

    In 2008, Kim Kardashian and her sisters, Kourtney and Khloé, launched their own pre-paid credit card, dubbed “The Kardashian Kard.” The sisters stated at the time they were excited to create their very own financial product.

    Their excitement waned, however, after consumer advocates complained of the card’s extremely high fees, and the Kardashian sisters quickly came under attack for aiming the product at young adults. The sisters backed out of their contract, claiming that they were unaware of the card’s high fees.

    NBC’s "Saturday Night Live" was quick to ridicule the sisters for their decision to venture into a business they knew nothing about.

    Heidi Montag

    15 failed celebs businesses CNBC_Failed_celeb_businesses_heidi

    Business: Heidiwood Clothes Line

    Heidi Montag used her 15 minutes of fame from MTV’s reality show “The Hills” to launch her own fashion line, dubbed "Heidiwood," in 2008. Her clothes were available at Anchor Blue stores, priced between $10 to $60, and marketed to teenage girls. Unfortunately, the inexpensive clothes were described as flimsy, whisper-thin, and "unwearble" by critics.

    Only seven months after its launch, Heidiwood was scrapped when Anchor Blue decided not to renew its contract with Montag.

    Claudia Schiffer, Multiple Supermodels

    15 failed celebs businesses CNBC_Failed_celeb_businesses_fash

    Business: Fashion Café

    Hoping cuisine might prove more successful than their movie careers, supermodels Claudia Schiffer, Christy Turlington, Elle MacPherson, Naomi Campbell, and others launched Fashion Café with the help of creator Tommaso Buti. The restaurant’s first location, which opened in 1995, was at New York's Rockefeller Plaza.

    Inside, diners were greeted with cases displaying dresses, shoes, and fashion accessories of the models, and TVs displayed fashion show footage. The menu included chicken wings, pizza, and burgers, and dishes were named after the models.

    The idea of associating supermodels with burgers and wings didn’t resonate with customers, however. The restaurant was unable to recoup its start-up costs and eventually ran out of money. The Fashion Café in Rockefeller Plaza closed in 1998.

    Kim Basinger

    15 failed celebs businesses CNBC_Failed_celeb_businesses_kim

    Business: Tourist Destination Braselton, Ga.

    In 1989, Kim Basinger partnered up with other investors and spent $20 million to purchase the town of Braselton, Ga., an approximately 1,750-acre town, which at the time had a population of around 400. The investors had plans to turn the tiny town into a tourist attraction, featuring movie studios and a film festival.

    Unfortunately, Basinger was never able to turn her ideas into reality. In 1993, after experiencing financial difficulties, Basinger sold Braselton for $1 million.

    Jennifer Lopez

    15 failed celebs businesses CNBC_Failed_celeb_businesses_lopez

    Business: Madres Restaurant

    In an effort to celebrate her Puerto Rican heritage, Jennifer Lopez opened Madres, which is Spanish for mother, in 2002 in Pasadena, Calif. The menu focused on Latin food that Lopez had enjoyed growing up, and included empanadas, ceviche, ropa vieja, and arroz con pollo, with dishes priced between $30 and $50.

    Despite a star-studded opening, the restaurant received lackluster reviews, and six years after it opened a sign was placed on the front door that said, “Madres will be closed … until further notice.”

    In addition to Madres, Lopez has also experienced failures in the fashion industry. Before it became common for celebrities to have fashion lines, Lopez found success in her clothing line JLO in 2003. Afterwards, she launched two additional lines, JustSweet (2003), and Sweetface (2005).

    With the recession, her initial clothing line JLO was unable to remain profitable and was closed in the U.S. in 2007. Her additional lines never found success: JustSweet closed after only a few seasons at retail; and Sweetface, despite a revamp of the line, was halted in 2009.

    Lopez may find success aiming at an older audience, however—the singer recently announced that a new line will come out this fall at the department-store chain Kohl’s.
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    Post by femme fatale Fri Sep 16, 2011 8:08 pm

    Suzanne Somers

    15 failed celebs businesses CNBC_Failed_celeb_businesses_summ

    Business: Suzanne’s Kitchen

    In an attempt to “bring back the family dinner,” Suzanne Somers launched Suzanne’s Kitchen, a do-it-yourself meal prep franchise, in late 2006. The venture allowed customers to choose ingredients and prepare dishes at the store, and then take them home.

    Due to internal conflict between Somers and her business partner, former Kentucky Governor John Y. Brown Jr., the business closed in early 2007. According to bittenandbound.com, Brown complained that Somers altered the original concept, insisting that the food be organic-only, making the business “impractical and uneconomical.”

    Eva Longoria

    15 failed celebs businesses CNBC_Failed_celeb_businesses_eva

    Business: Beso Restaurant and Nightclub

    In 2008, “Desperate Housewives” TV show actress Eva Longoria partnered up with celebrity chef Todd English to open up Beso, a restaurant with a Latin approach to classic steakhouse cuisine. The Hollywood-based restaurant found success, and in 2009 she expanded the brand to Las Vegas with a restaurant and nightclub.

    According to The New York Daily News , her Vegas nightclub reportedly was losing more than $76,000 a month and had accumulated nearly $5.7 million in debt. In January, the nightclub filed for bankruptcy protection and eventually shut its doors. Beso’s Hollywood location is still successful and open for business.

    Hulk Hogan

    15 failed celebs businesses CNBC_Failed_celeb_businesses_hulk

    Business: Pastamania

    Although he missed out on the opportunity to put his face on the “George Forman” grill, Hulk Hogan was looking for a business opportunity, and unfortunately he settled on Pastamania, a fast-food restaurant in the Mall of America. Customers were given the opportunity to feast on a variety of pasta-based items, including “Hulk-U's” and “Hulk-a-Roos.”

    The restaurant was even promoted through World Championship Wrestling, but no amount of marketing could keep the business from closing its doors less than a year after opening.

    Hogan hasn’t given up on being an entrepreneur. Since then, he has launched his own energy drink, Hogan Energy, and has also attached his name to a line of microwavable hamburgers and chicken sandwiches called “Hulkster Burgers.”

    Kanye West

    15 failed celebs businesses CNBC_Failed_celeb_businesses_kanye

    Business: Pastelle Clothing Line

    Kanye West, known for having an interest in fashion, had been talking about starting his own fashion line for years, and in 2009 he attempted it with Pastelle.

    But West’s clothing business never had a fighting chance: Two days after photos of his fashion line were posted on the Internet, the business folded. Shortly before, West’s reputation took a hit after he interrupted Taylor Swift’s acceptance speech at the MTV Video Music Awards, declaring that another artist should have won. Many speculate that this stunt contributed to the fashion line’s demise.

    Mandy Moore

    15 failed celebs businesses CNBC_Failed_celeb_businesses_moore

    Business: Mblem Clothing Line

    Mandy Moore launched her clothing line Mblem in 2005, which focused on youthful contemporary clothing. The brand was sold in major department stores around the country.

    In early 2009, almost three years after the launch, Mblem shut its doors. Moore said she stepped away from the business to focus on her music career, however interviews hint at creative differences behind the scenes. In an interview, she said, “If I were to dip my toe back in there, it would have to be the right situation… a great partnership that could represent a true reflection of me and my ideas and, you know, that wasn’t happening.”

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    Post by RedBedroom Fri Sep 16, 2011 11:35 pm

    I am actually surprised that Jlo's restaurant didn't stay afloat. I recall reading about the Fashion Cafe years ago. How lame...what woman wants to down a plate of food among supermodel attire? Not this woman!

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