Product RED, a project created by Irish musician Bono and Bobby Shriver that that aims to raise money for the Global Fund To Fight AIDS, Tuberculosis and Malaria by donating a portion of profits from a range of branded products, raised more than $10 million in the United Kingdom from February through September, according to Global Fund Director Richard Feachem, the New York Times reports (Story, New York Times, 10/4).
American Express, Converse, Giorgio Armani and Gap were the initial partners in the program -- which was launched in January -- and are distributing credit cards and selling tennis shoes, sunglasses and T-shirts, respectively, carrying the Product RED label.
The four partner companies have committed to the brand for five years and have pledged to give an average of 40% of profits from the products to the Global Fund.
London's Independent in May announced that it would become the first media outlet to sign on as a partner in the project.
In addition, cell phone company Motorola in May announced that it will partner with Product RED (Kaiser Daily HIV/AIDS Report, 5/16).
Product RED products will be available in U.S. stores this month, the Times reports. "RED is one of the first major efforts to tap more Americans to contribute to fighting AIDS a continent away," Bill Gates, co-chair of the Bill & Melinda Gates Foundation, said, adding, "I wasn't sure they would get enough companies on board to make RED a viable entity, and whether it could generate enough revenue for the global fund to make it worthwhile. I was pleasantly surprised on both counts."
According Feachem, the amount Product RED has raised so far is twice the amount the Global Fund received from companies and individuals from 2002 through 2006.
"RED is intrinsically sustainable because RED is good for the companies," Feachem said.