Latest news with #Loci
News.com.au
13-05-2025
- Entertainment
- News.com.au
Leonardo DiCaprio cops $4.6 million loss on struggling shoe brand
Leonardo DiCaprio is facing a titanic loss after sinking part of his £225 million ($A464 million) fortune into his struggling vegan shoe company. According to The Sun, the 50-year-old's British footwear brand, Loci, lost a staggering £3 million ($A4.6 million) last year. The Oscar-winner has been keeping the business venture afloat thanks to his massive cash injection. The company's latest accounts reveal that it received a £5.17 million ($A10.6 million) share boost from investors such as 'The Aviator' star. It now has £2.1 million ($A$4.3 million) shareholders' funds, nearly double the previous year of £1.2 million ($2.4 million). Loci is worn by all the major A-listers. The stylish shoes are made from recycled bamboo, foam, rubber or 'recycled ocean plastic', but guarantee that all products are '100 per cent animal free'. The trainers are a hit with big celebrity names such as Ben Affleck, Gwyneth Paltrow, Jessica Alba, Eva Longoria and Princess Eugenie, who've been spotted wearing the designer footwear. Co-founder Emmanuel Eribo said of Leo's investment: '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.' Leo has long championed helping the climate and previously said meeting then US Vice President Al Gore to discuss global warming in 1998 led to him becoming an activist. In the same year he created the Leonardo DiCaprio Foundation – which supports over 35 conservation projects around the world.
The Irish Sun
08-05-2025
- Entertainment
- The Irish Sun
Leonardo DiCaprio's vegan shoe firm makes staggering £3MILLION loss as he sinks part of £225million fortune into venture
LEONARDO DiCaprio's trendy vegan shoe firm has made a staggering £3million loss, after he sinks part of his £225million fortune into the struggling venture. The 50-year-old's British footwear firm Loci, is worn by all the major A-listers. Advertisement 4 Leonardo DiCaprio's trendy vegan shoe firm has made a staggering £3million loss, after he sinks part of his £225million fortune into the struggling venture Credit: Getty 4 The shoes are a big hit with famous faces Credit: Getty 4 The stylish shoes are made from recycled bamboo, foam, rubber or "recycled ocean plastic" Credit: LOCI And the stylish shoes are made from recycled bamboo, foam, rubber or "recycled ocean plastic", but guarantee that all products are "100 per cent animal free". But latest accounts for the parent firm, Wild Loci Ltd, reveal that its accumulated accumulated losses of £3,085,364 last year. Leonardo has been keeping the company afloat thanks to his massive cash injection. The company's latest accounts reveal that it received a £5.17M share boost from investors such as the American actor. Advertisement Read More on Leonardo DiCaprio It now has £2,100,284 shareholders' funds, nearly double the previous year of £1,278,911. The trainers are a hit with big celebrity names such as Ben Affleck, Gwyneth Paltrow, Jessica Alba, Eva Longoria and Princess Eugenie, who've been spotted wearing the designer footwear. Co-founder Emmanuel Eribo said of Leo's investment: '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. Advertisement Most read in Celebrity 'He didn't need to do this — there's definitely something in there that is tugging on him. Relationship expert reveals the real reasons men like Leonardo DiCaprio date younger women – and a NSFW misconception '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.' Leo has long championed helping the climate and previously said meeting then US Vice President Al Gore to discuss global warming in 1998 led to him becoming an activist. In the same year he created the Leonardo DiCaprio Foundation – which supports over 35 conservation projects around the world. Advertisement 4 The company's latest accounts reveal that it received a £5.17M share boost from investors such as the American actor Credit: Getty
Scottish Sun
08-05-2025
- Entertainment
- Scottish Sun
Leonardo DiCaprio's vegan shoe firm makes staggering £3MILLION loss as he sinks part of £225million fortune into venture
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) LEONARDO DiCaprio's trendy vegan shoe firm has made a staggering £3million loss, after he sinks part of his £225million fortune into the struggling venture. The 50-year-old's British footwear firm Loci, is worn by all the major A-listers. 4 Leonardo DiCaprio's trendy vegan shoe firm has made a staggering £3million loss, after he sinks part of his £225million fortune into the struggling venture Credit: Getty 4 The shoes are a big hit with famous faces Credit: Getty 4 The stylish shoes are made from recycled bamboo, foam, rubber or "recycled ocean plastic" Credit: LOCI And the stylish shoes are made from recycled bamboo, foam, rubber or "recycled ocean plastic", but guarantee that all products are "100 per cent animal free". But latest accounts for the parent firm, Wild Loci Ltd, reveal that its accumulated accumulated losses of £3,085,364 last year. Leonardo has been keeping the company afloat thanks to his massive cash injection. The company's latest accounts reveal that it received a £5.17M share boost from investors such as the American actor. It now has £2,100,284 shareholders' funds, nearly double the previous year of £1,278,911. The trainers are a hit with big celebrity names such as Ben Affleck, Gwyneth Paltrow, Jessica Alba, Eva Longoria and Princess Eugenie, who've been spotted wearing the designer footwear. Co-founder Emmanuel Eribo said of Leo's investment: '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. Relationship expert reveals the real reasons men like Leonardo DiCaprio date younger women – and a NSFW misconception '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.' Leo has long championed helping the climate and previously said meeting then US Vice President Al Gore to discuss global warming in 1998 led to him becoming an activist. In the same year he created the Leonardo DiCaprio Foundation – which supports over 35 conservation projects around the world.
The Sun
08-05-2025
- Entertainment
- The Sun
Leonardo DiCaprio's vegan shoe firm makes staggering £3MILLION loss as he sinks part of £225million fortune into venture
LEONARDO DiCaprio's trendy vegan shoe firm has made a staggering £3million loss, after he sinks part of his £225million fortune into the struggling venture. The 50-year-old's British footwear firm Loci, is worn by all the major A-listers. 4 4 And the stylish shoes are made from recycled bamboo, foam, rubber or "recycled ocean plastic", but guarantee that all products are "100 per cent animal free". But latest accounts for the parent firm, Wild Loci Ltd, reveal that its accumulated accumulated losses of £3,085,364 last year. Leonardo has been keeping the company afloat thanks to his massive cash injection. The company's latest accounts reveal that it received a £5.17M share boost from investors such as the American actor. It now has £2,100,284 shareholders' funds, nearly double the previous year of £1,278,911. The trainers are a hit with big celebrity names such as Ben Affleck, Gwyneth Paltrow, Jessica Alba, Eva Longoria and Princess Eugenie, who've been spotted wearing the designer footwear. Co-founder Emmanuel Eribo said of Leo's investment: '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. Relationship expert reveals the real reasons men like Leonardo DiCaprio date younger women – and a NSFW misconception '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.' Leo has long championed helping the climate and previously said meeting then US Vice President Al Gore to discuss global warming in 1998 led to him becoming an activist. In the same year he created the Leonardo DiCaprio Foundation – which supports over 35 conservation projects around the world. 4
Yahoo
03-04-2025
- Entertainment
- Yahoo
Epic Games acquires Loci to introduce automated 3D tagging
Epic Games announced on Wednesday the acquisition of Loci, an AI platform for automated tagging 3D assets. The deal will help creators with the labor-intensive process of tagging as well as to help detect potential intellectual property (IP) violations. Loci, which uses computer vision models to understand 3D content, automatically tags 3D assets, making content easier to search, share, and discover. Due to the large number of assets that creators often need to manage, the new integration is likely to be very helpful, as the process can be very time-consuming. Not only will Loci's technology address the challenges associated with manual tagging, but it'll also help identify possible IP infringements. Fortnite has encountered issues before where numerous players brought in elements from popular IPs, including Mario Kart and Shrek. The AI technology will be integrated across the Epic ecosystem, including in Unreal Editor for Fortnite (UEFN) and Fab, the marketplace for selling and buying digital assets. Deal terms were not disclosed.
