Profits from Edun, where do they go? - U2 Feedback

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Old 01-06-2006, 10:32 PM   #1
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Profits from Edun, where do they go?

I posted this in another room(inappropriate one) becasue I didn't know where it should go and it was busy at the time. I'm gonna post it one more time here. Hopefully it kinda belongs here.

Anyways can someone tell me where the profits from Edun go? On the site it says it's a for profit company but I thought it was non profit. I know the reason behind the company but I'm just wondering where the profits go? Thanks and sorry for posting it in one wrong room possibly two
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Old 01-06-2006, 10:36 PM   #2
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omg ur from sylvan im from red deer!!cool
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Old 01-06-2006, 10:44 PM   #3
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edun is nude backwards
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Old 01-06-2006, 10:45 PM   #4
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That's awsome. Nice to hear from you. So do you know where the profits from Edun go? I know it's about promoteing fair trade and employment and it's not about aid but who get's the money? I kinda told someone it's a non profit company but I'm thinkin' I'm wrong. Do the Hewson's collect fat checks off this? Not that it matters, it's their company I just want to have my facts straight.
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Old 01-06-2006, 10:46 PM   #5
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Quote:
Originally posted by StlElevation
edun is nude backwards
Yes I realise that.
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Old 01-06-2006, 10:48 PM   #6
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it goes back 2 africa i think!but i know the people that make it get payed pritty good..and there african 2!!
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Old 01-06-2006, 11:30 PM   #7
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It's a for-profit company so the profits would go to the owners of the company.

I'm assuming it's Ali and Bono, maybe perhaps the designer as well...

Who knows how it's officially owned?
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Old 01-07-2006, 12:17 AM   #8
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If the Corp is public wouldn't the records also be public, as in the board members and P/L info?
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Old 01-07-2006, 12:29 AM   #9
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EDUN is not a non-profit or a charity. It was designed to demonstrate a business model of how for-profit company's can make and sell products without exploiting labor and using cheap materials. I'm guessing profits go back to Ali, Bono, and Rogan Gregory. At this point I'm assuming most of that would be re-invested back into the company since it's so new and doesn't seem very popular outside of the U2 bubble. Whether or not they spend the profits on themselves or move it towards their other philanthropic activities is entirely their business.
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Old 01-07-2006, 01:48 AM   #10
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Wife of VERY rich man starts company.

Profits?

Haha. That's funny.
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Old 01-07-2006, 02:15 AM   #11
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Old 01-07-2006, 03:36 AM   #12
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Quote:
Originally posted by StlElevation
edun is nude backwards
guess I'm a little late for the game. But you an anagram of that could be *dune*



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Old 01-07-2006, 08:33 AM   #13
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nope, its nude
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Old 01-07-2006, 05:46 PM   #14
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Ya know what this is a really good question, i was wondering that myself. I went into Brown Thomas before christmas to buy myself a pair of Edun jeans and they were like 235 euro ( not to mention they looked like shite!!) and the bloody hoodies were 260euro, i thought to myself that's a bit on the expensive side, but if its for a good cause well i suppose i'd pay that. So i asked the assistant in Brown Thomas if the profits went to charity and she said that she thought they went to Bono and the missus, i mean does that guy not have enough fucking money without making more, he acts like he's mister charitable, but he's just as tight with money as other celebs are!! (If the profits do go to charity i apologise for my outburst!)
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Old 01-07-2006, 05:50 PM   #15
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I bought BAW two T-shirts a couple months back...you know, edun is nude backward.
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