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Celebrating Avedon... Sweet Carolina... Selfridges, Dolce & Gabbana Split...

The Richard Avedon Foundation will auction an enormous print of the “Dovima With Elephants" at Christie's Paris.

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EDUN’S LOSS: Edun, the Dublin-based ethical clothing label founded and controlled by Bono and his wife, Ali Hewson, recorded a loss of $8.7 million last year, according to financial statements filed with Ireland’s Companies Registration Office. That figure widened from a $4.6 million loss for the previous fiscal year. Edun — whose shareholders include minority stakeholder LVMH — has net liabilities of $10.4 million, compared with liabilities of $19.1 million the previous year. The statement noted that the company is financed by shareholder loans, and the shareholders have confirmed they will not seek repayment for the foreseeable future and “will provide the company with sufficient finance to ensure the continued operation of the company.” The firm took out shareholder loans of $11.4 million for the 2009 fiscal year. Edun Americas Inc, a wholly owned subsidiary of Edun Apparel Ltd., recorded a net profit of $37,879 for the 2009 fiscal year, a 42 percent fall compared with $65,818 the previous year.

 

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