Accumulated losses at the ethical clothing company controlled by Bono and Ali Hewson soared to $80.6m (€68.5m).

Accumulated losses at the ethical clothing company controlled by Bono and Ali Hewson soared to $74.3m (€67.2m) last year.

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

SOME of the grand old masters of the bubbly business were left red faced yesterday and it wasn’t down to an over-indulgent Christmas tasting session.