Bono and Ali’s ethical clothing line sees losses hit $74m

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

New figures lodged with the companies office show that EDUN Apparel Ltd recorded a loss of $7.56m in the 12 months to the end of December last.

The loss last year continued the trend of hefty annual losses recorded over recent years — the loss last year was a 35% increase on the $5.57m loss recorded in 2014.