By  on June 28, 2018

PARIS — LVMH Moët Hennessy Louis Vuitton is parting ways with Edun, the socially conscious clothing label founded by Ali Hewson and her husband Bono, and ceasing its business operations in the U.S.

“In light of a joint review of the business, Edun is restructuring its operations in preparation for its next chapter and LVMH will transfer its shares back to the founders,” the French conglomerate said in a brief statement.

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