Losses at Bono and Ali’s clothing firm hit $66m

Losses continued to mount last year at the ethical clothing company founded by Bono and his wife, Ali Hewson.

New figures lodged with the Companies Office show that Edun Apparel Ltd recorded a loss of $5.34m (€4.6m) in the 12 months to the end of December last.

The firm has been narrowing its losses over recent years and the loss last year followed losses of $6.4m in 2013, $7.88m in 2012 and $8.5m in 2011.