Bono's Clothing Company Suffers Losses

U2 frontman BONO and his wife suffered a financial blow last year (09) as their clothing company racked up $9 million (£6 million) in losses.
The rocker and his wife Ali Hewson set up Edun in 2005 to stimulate business in Africa but accounts filed for the ethical fashion firm show it plunged into the red last year.
The debts were 90 per cent bigger than in 2008, according to official documents obtained by British newspaper The Sun.
Luxury business group LVMH, which owns Moet champagne and couture house Louis Vuitton, is believed to have bought an "important" stake in Edun last year.


Contactmusic

Tags: U2 - Bono


Advertisement

Editors Recommendations

Kiefer Sutherland Issues Professional Response To Freddie Prinze Jr.'s "Unprofessional" Criticism

The 47 year-old actor only had fond memories of working with Prinze Jr...

Kiefer Sutherland Issues Professional Response To Freddie Prinze Jr.'s

Jessie J's New Single "Bang Bang" Is A Summer Playlist Staple

Ariana Grande is checking off rap babes to collaborate with one by one...

Jessie J's New Single

Reason #23435 To Like Chris Pratt - "Guardians Of The Galaxy" Star Connects With Fans At Charity Screening

Chris Pratt may just be the best human – in Hollywood, anyway. The Guardians...

Reason #23435 To Like Chris Pratt -

Zayn Malik told to kill himself after controversial tweet

One Direction’s Zayn Malik has attracted enormous criticism on Twitter after simply...

Zayn Malik told to kill himself after controversial tweet

La Toya Jackson - Feels Like Love

La Toya Jackson is re-booting her showbiz career with a brand new music video for latest single...

La Toya Jackson - Feels Like Love Video
Advertisement

Quentin Tarantino Confirms That 'The Hateful Eight' Will Be Made For Big-Screen

Quentin Tarantino seems to have had a change of heart against the individuals...

 Quentin Tarantino Confirms That 'The Hateful Eight' Will Be Made For Big-Screen

Allegations of sexual harassment at Comic-Con

A group of young women from Philadelphia that founded a website titled...

Allegations of sexual harassment at Comic-Con

Ashton Kutcher And Mila Kunis Are Set To Tie The Knot Next Year

Excited fans first heard the news that former 'That 70's Show' co-stars...

Ashton Kutcher And Mila Kunis Are Set To Tie The Knot Next Year


More recommendations

Advertisement

Comments

U2 Newsletter

Subscribe to this news alert service to receive news and reviews on U2

Unsubscribe | Unsubscribe All