3million

Leonardo DiCaprio’s vegan shoe line in £3million debt as items slashed to half price

LEONARDO DiCaprio is facing business woes as the trendy vegan shoe brand he backed continues to haemorrhage millions.

The star’s favoured label has been left relying on cash injections from wealthy investors to keep it afloat.

Leo invested his own cash in the trendy trainer company Credit: Shutterstock Editorial
Many of the vegan trainers have been slashed to half price Credit: Loci

British shoemaker LØCI, in which Leo is a key investor, makes 100% cruelty-free trainers using recycled bamboo, foam and rubber.

Each £160 pair reuses up to 20 plastic bottles recovered from the Mediterranean and the east coast of Africa.

The brand has proved popular with celebrities including Ben Affleck, Mila Kunis and Eva Longoria, while fellow investor Nicki Minaj has her own range.

But following Leo’s investment, the firm’s finances took a nosedive and it now has just £7,355 listed as “cash at bank and in hand”.

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Leo said he was proud to be associated with the eco friendly trainer company Credit: AFP
The shoe company has accumulated huge losses Credit: Loci

Newly released accounts for Wild Loci Ltd also show accumulated losses of £2,904,888, while the company owes £931,130 to creditors.

The figures, filed this week, reveal the business is being propped up by investment totalling £5,170,947.

That leaves it with equity of £2,280,760 despite the significant losses.

The company also risks being struck off by Companies House after filing its accounts late for two consecutive years.

Many of the trainers are now available at slashed prices. Credit: Loci
Leonardo Di Caprio was a huge win for fledgling shoe brand

It has also been late submitting its annual “confirmation statement”, a legal requirement.

The government website warns: “Not filing your confirmation statements, annual returns or accounts is a criminal offence – and directors or LLP designated members could be personally fined in the criminal courts.”

Currently, the brand is offering dozens of shoes at half price, including the “Origins” trainer, which features a “natural cork and recycled foam insole”.

All of Nicki Minaj’s range is also heavily discounted, including the “Barbie Dangerous” and “Itty Bitty Piggy” sneakers.

At the time of Leonardo DiCaprio’s investment, founder Emmanuel Eribo said: “He’s an absolute star and sees the world the same way we see it. It’s been an absolute blessing having him on the team. You can’t ignore it’s a British brand and he’s betting on it.

“He didn’t need to do this, there’s definitely something in there that is tugging on him.

“If I could say things about Leo, I’d probably use two words: genuine and kind. You can care about the world and still want good things.”

At the time, Leo said he was “proud” to be an investor, adding: “I am proud to be an investor in LØCI, a brand dedicated to minimising its environmental impact, and centred around creating cruelty-free, ethical footwear.”

LØCI have been approached for comment.

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One of the UK’s most popular seaside towns is getting a huge new £3million indoor attraction this summer

WITH the UK’s unpredictable weather, summer always feels far away – but a new weather-proof attraction is soon opening in a popular seaside town.

A multi-activity indoor attraction is set to welcome people in a few months in Blackpool.

A new £3million attraction is opening in Blackpool this JuneCredit: Tenpin UK
Tenpin will feature 24 bowling lanes, as well as other activitiesCredit: Tenpin UK

Tenpin will feature 24 bowling lanes which can be used for parties, groups and casual play.

But there will also be other activities in the venue, including two karaoke rooms.

For those wanting to burn some steps there will be a laser tag arena too.

And if you like a challenge, there will be three immersive escape rooms to have a go at.

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Families visiting with younger children can also use a soft play area and there will be an area for adult visitors as well, with interactive darts and pool tables.

To extend the fun, there will also be a fully equipped arcade.

While enjoying the different activities in the venue, visitors can enjoy a tipple from the cocktail bar and lounge area where live sport will be shown.

Laura Barlow, Regional Manager from Tenpin said: “This is a significant investment in Blackpool’s leisure offering and, most importantly, in its residents.

“We wanted to create a space that families, friends and local groups can use week in and week out.

Blackpool deserves high-quality, modern entertainment that is accessible all year round, and this venue has been designed to deliver exactly that.”

Construction on the new venue has already started and the attraction will officially open on June 5.

Another new venue will be opening in Wakefield, also with 24 bowling lanes, two karaoke rooms, a laser tag arena, three escape rooms, an arcade area and pool tables.

Tenpin already has 58 sites across the UK.

A game of bowling usually costs around £9.95, when booked in advance, and often different venues have offers on, including ‘Tenpin Tuesdays’ where you can get 50 per cent off bowling and some drinks, and £10 Thursdays where you can get two games of bowling for a tenner.

Other activities include laser tag, karaoke rooms and immersive escape roomsCredit: Tenpin UK

If heading to Blackpool before June 5, there are plenty of other things you can do.

For example, you could head to Blackpool Pleasure Beach Resort, where from April 4 you can head to Twilight Thrills, where the park extends its opening hours until 9pm.

The Twilight Thrills evenings will also have live DJ sets, entertainment and roaming characters.

Between April 10 and 12, there will also be a three-day festival at the seaside attraction called Turn It Up Festival with music by Harry Styles and Sabrina Carpenter among others.

Tenpin isn’t the only project going on in Blackpool either.

The venue will officially open on June 5Credit: Tenpin UK

The UK’s biggest indoor waterpark – Sandcastle Waterpark – has revealed it is getting a £500,000 renovation.

Inside there will be a new changing area, as well as the slides being repainted.

And the new look will be open in time for the Easter holidays.

In total, the waterpark features 18 slides, as well as wave pools and river rapids.

It is also the perfect place to escape the chilly sea breeze as the pool is heated to 30C year-round.

In other attraction news, here are all our experts’ favourite attractions in London that cost nothing.

Plus, the ‘secret’ attraction that lets you step into your favourite movies and TV shows is set for huge permanent venue in UK.

Tenpin has a number of venues across the UK and is also opening a new venue in Wakefield this springCredit: Tenpin UK

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