Leonardo DiCaprio’s eco-friendly business portfolio appears to have taken successful, as one in all his vegan sneaker investments is reportedly facing serious financial trouble.
The Hollywood star, known for his environmental activism, is alleged to be linked to a sustainable footwear brand that has been bleeding money, with losses reportedly nearing $4 million.
The financial setback comes as DiCaprio continues to make headlines away from business, including renewed chatter about his relationship with model Vittoria Ceretti and up to date jokes about his dating history.
DiCaprio’s vegan sneaker brand LØCI has reportedly found itself in a troubling financial position despite its celebrity-backed profile.
The eco-friendly footwear company has attracted support from several Hollywood names, including Ben Affleck, Mila Kunis, and Eva Longoria, while Nicki Minaj once floated her own line with the brand.
Nonetheless, in accordance with The U.S. Sun, records show the British footwear brand has amassed losses of £2.9 million, or roughly $4 million, while owing £931,130 to varied creditors.
Perhaps more alarming is the brand’s limited money reserve, with filings reportedly showing just £7,355 listed as “money at bank and in hand.”
The corporate has also reportedly remained reliant on wealthy investors to remain afloat. Filings show LØCI received £5,170,947 in investor funding, helping prop up the struggling enterprise and leaving it with equity of nearly £2.3 million despite the heavy losses.
LØCI Risks Trouble With U.K. Authorities
In accordance with the outlet, LØCI has now resorted to offering dozens of its products at half price in a bid to spice up sales.
Even Minaj’s range with the vegan shoe brand, including the “Barbie Dangerous” and “Itty Bitty Piggy” sneakers, has reportedly been heavily discounted.
Beyond its financial struggles, the corporate may be courting trouble with U.K. authorities after allegedly filing its accounts late for 2 consecutive years. It was also reportedly late in submitting its annual “confirmation statement,” a legal requirement for firms within the country.
The U.K. government’s website warns that failing to file confirmation statements, annual returns, or accounts is a criminal offense, and that directors or designated LLP members might be personally fined in criminal courts.
Leonardo DiCaprio Said He Was ‘Proud’ To Back The Brand
DiCaprio, who has long championed environmental causes and directed significant portions of his fortune toward conservation, has been one in all LØCI’s key financial backers.
On the time of his investment, the Oscar-winning actor released an announcement explaining why he selected to support the brand.
“I’m proud to be an investor in LØCI, a brand dedicated to minimizing its environmental impact, and centered around creating cruelty-free, ethical footwear,” the “Inception” actor said.
LØCI founder Emmanuel Eribo also spoke glowingly about DiCaprio’s involvement on the time.
“He’s an absolute star and sees the world the identical way we see it,” Eribo said. “It’s been an absolute blessing having him on the team. You’ll be able to’t ignore it’s a British brand, and he’s betting on it.”
DiCaprio ‘Open To A Serious Future’ With Girlfriend
Amid reports of his business setbacks, Leonardo DiCaprio appears to be winning in other areas of his life, particularly along with his Hollywood profession and his relationship with girlfriend Vittoria Ceretti.
Although the actor lost out on the Best Actor Oscar to Michael B. Jordan, his film, “One Battle After One other,” still had a serious night, taking home six awards.
The 51-year-old attended the ceremony along with his 27-year-old girlfriend, and while they didn’t pose together on the red carpet, their appearance still marked a serious step of their relationship.
It was reportedly the primary time DiCaprio and Ceretti had attended a serious awards show together since they began dating in 2023.
Leonardo DiCaprio Is ‘Showing A Different Side’ With Vittoria Ceretti
DiCaprio has been linked to several high-profile women through the years, including Gisele Bündchen, Blake Vigorous, and Camila Morrone. Nonetheless, his romance with Vittoria Ceretti could also be taking a more serious turn.
An insider who spoke with PEOPLE claimed DiCaprio is drawn to Ceretti’s independence and the indisputable fact that she has her own life outside their relationship.
“Vittoria also has her own life, and he or she’s very independent, which is appealing to him, especially when he’s away for filming and has long days on set,” the insider said.
The source also claimed DiCaprio has been “rather more openly affectionate” with Ceretti than his friends have seen him be with any of his previous girlfriends.