News

Bono’s ‘ethical’ clothing line records huge losses

Bono’s ‘ethical’ clothing line records huge losses

Bono and his wife Ali Hewson's ethical clothing range has been dealt a blow. Photo: Associated Press

Bono and his wife Ali Hewson’s ethical clothing range has been dealt a blow after recording losses of $7.8 million.

Figures filed with Ireland’s Companies Office show that Edun Apparel Ltd made huge losses in the last 12 months, amounting to millions.

The company’s failure to pull in profits over the last year follows 2011′s dire finances, when the company recorded losses of $8.5 million.

Despite the situation, directors at the company state in the report that they are “very satisfied with progress during the year, which was in line with the (five-year) strategic business plan projections.”

The celebrity couple launched the retailer in 2005 to help promote the African fashion industry and improve the continent’s trade around the globe.

Latest Headlines

31 minutes ago in Entertainment

Lupita Nyong’o, Scarlett Johansson close to signing on for ‘Jungle Book’

Fresh
lupita

Idris Elba will voice the villainous tiger Shere Khan in the latest adaptation of Rudyard Kipling's adventure tale.

38 minutes ago in Entertainment

John Leguizamo chops off fingertip during filming of ‘Chef’

Fresh
leguizamo

The actor came away from filming with a new-found respect for kitchen staff, a few tips and a great party tale.

today in Music

Doctor convicted in Michael Jackson’s death loses latest appeal

conrad

Dr. Conrad Murray loses his latest bid to have his 2011 conviction overturned.

today in Entertainment

Netflix to debut original Spanish-language series

netflix

Netflix announced its first original Spanish-language television series, planned for 2015.

today in Lifestyle, World

Historic canonization of popes brings joy, controversy

saints

Two giants of Roman Catholicism will become saints on Sunday at an unprecedented twin canonization.

Latest Headlines

conrad

In Music

Doctor convicted in Michael Jackson's death loses latest appeal

Dr. Conrad Murray loses his latest bid to have his 2011 conviction overturned.

saints

In Lifestyle, World

Historic canonization of popes brings joy, controversy

Two giants of Roman Catholicism will become saints on Sunday at an unprecedented twin canonization.

google

In Lifestyle

Travel through time on Google maps

Google is now offering trips down memory lane on its digital maps.

led

In Music

Led Zeppelin back with 'Whole Lotta' unreleased tunes

The rock legends will publish a number of unreleased tracks, including an alternate version of "Whole Lotta Love."

plane

In Lifestyle

Airlines rank lowest in traveler satisfaction

Air carriers lag hotels and online travel agencies in customer satisfaction.