Bruce Willis and Sylvester Stallone Founded This Chain Restaurant
Planet Hollywood was founded in 1991 by Bruce Willis, Sylvester Stallone, and Arnold Schwarzenegger as a Hollywood-themed restaurant chain inspired by the '90s celebrity culture. Despite its initial success and expansion worldwide, the chain faced decline by the early 2000s, filing for bankruptcy twice, and now only a few locations remain. Willis and Stallone continue to hold stock in the company, which has become a symbol of celebrity-driven dining trends of the era.