In recent years, multiple celebrities have attempted to extend their brand by venturing into the business world. Actor and comedian Will Ferrell found tremendous success with his website, FunnyorDie.com, while Rapper Sean Combs (P Diddy) owns multiple businesses, including a record label, a clothing line, a movie production company, and more.
Despite all the successful celebrity ventures in the world, however, there are numerous examples of celebrity businesses that have gone bust.
A celebrity name can automatically help a business, bringing in a recognizable spokesperson and a built-in fan base. However, just because a celebrity brand is attached to a business, it doesn’t guarantee success—and may occasionally cause more harm than good.
Celebrity businesses fail for numerous reasons, from poor business management and lack of experience, to bad concepts that were doomed from the beginning. Regardless of the reason, these celebrities have learned the hard way that success doesn’t always come easily in the business world.
So, which major celebrities launched businesses that flopped? Click ahead to find out!
By Jill Weinberger
Posted 09 September 2011