Accumulated losses at the ethical clothing company controlled by Bono and Ali Hewson rose to $86.4m (€76.5m) last year.

Adi Roche and Ali Hewson will receive the Princess Grace Humanitarian Award from Prince Albert in Monaco tonight in recognition of their work in helping thousands of children affected by the Chernobyl nuclear disaster.

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