Money

Prince Harry and Meghan plan new Archewell charitable organisation


© Reuters. FILE PHOTO: Annual Commonwealth Service at Westminster Abbey in London

LONDON (Reuters) – Britain’s Prince Harry and his wife Meghan, who have recently moved to the Los Angeles area after stepping down from royal duties, said on Monday they were looking to set up a new charitable organisation called Archewell.

The Duke and Duchess of Sussex, whose baby son is named Archie, gave up their jobs as working royals at the end of last month, allowing them to forge new careers, earn their own money and spend most of their time in North America.

In their last message before stepping down, Harry and Meghan said they would focus on their family for the next few months while developing a new future non-profit organisation, having been forced to give up their previous SussexRoyal brand.

Britain’s Daily Telegraph newspaper reported late on Monday that last month they had filed extensive trademark requests in the United States.

“Like you, our focus is on supporting efforts to tackle the global COVID-19 pandemic but faced with this information coming to light, we felt compelled to share the story of how this came to be,” the couple said in statement. 

“Before SussexRoyal, came the idea of ‘Arche’ – the Greek word meaning ‘source of action.’ We connected to this concept for the charitable organisation we hoped to build one day, and it became the inspiration for our son’s name.”

They said the name Archewell combined an ancient word for strength and action, with another that “evokes the deep resources we each must draw upon.” 

READ  Huawei cancels laptop launch because of US trade blacklist

“We look forward to launching Archewell when the time is right,” they said.

Queen Elizabeth’s grandson Harry, 35, and Meghan, 38, a former actress who starred in TV legal drama “Suits,” married in a glittering ceremony in May 2018 and Archie was born a year later.

But relations with the media and with Harry’s elder brother Prince William became increasingly strained, and in January they announced plans to step back from their royal roles.

The move provoked a crisis, and in a subsequent deal thrashed out with the queen, her son and heir Prince Charles and William, they agreed the couple would have to give up their royal jobs altogether.

Since the fallout, the couple have spent most of their time in Canada but recently moved to the Los Angeles area where Meghan was raised and where her mother still lives.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Companies can't be complacent with cyber security says expert





READ SOURCE

Leave a Reply