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.

Recent Headlines

in Local

Bile Guilty In UMass Rape Case

Bile

A Hampshire County jury has found Emmanuel Bile of Pittsfield guilty on two counts of aggravated rape against a UMass student.

in Local

Rt. 9 Diner Closes Amidst Investigation

Route 9 Diner

The Route Nine Diner in Hadley has closed its doors in the midst of a sexual harassment investigation.

in Local

Greenfield Officials Discuss Money for Neighborhood Projects

Greenfield_Town_Hall

Greenfield Town Council subcommittees will meet about giving individual councilors money for neighborhood initiatives.

in Local

Amherst Voters Elect Officials Today

election

The hot race is for School Committee where three candidates are vying for two empty seats.

in Local

More Gunfire At AIC

gun

American International College is on high alert after another round of gunfire.