Vergara says new lingerie line also assists businesswomen

Actress Sofia Vergara participates in the BUILD Speaker Series to discuss her new subscription underwear line "EBY", at AOL Studios on Wednesday, Sept. 27, 2017, in New York. (Photo by Evan Agostini/Invision/AP)
Actress Sofia Vergara participates in the BUILD Speaker Series to discuss her new subscription underwear line "EBY", at AOL Studios on Wednesday, Sept. 27, 2017, in New York. (Photo by Evan Agostini/Invision/AP)
Actress Sofia Vergara participates in the BUILD Speaker Series to discuss her new subscription underwear line "EBY", at AOL Studios on Wednesday, Sept. 27, 2017, in New York. (Photo by Evan Agostini/Invision/AP)

NEW YORK — Sofia Vergara is debuting a new lingerie line, but she says it's about more than sexy underwear — it's also about empowering women in business.

The "Modern Family" star promoted her EBY line in New York. It's a subscription-based service that also sets aside a portion of the profits to woman entrepreneurs via small loans.

"It's a fun mission, you know. It's very exciting to be able to find something so interesting for me," Vergara said of EBY, an acronym for Empowerment By You.

Vergara went through her own struggles before her financial circumstances changed for the better.

"I was a single mother, and a very young single mother. I moved from Colombia to the United States. One of the most important things for me was to be able to provide for my son, Manolo," Vergara said Tuesday. "I had dreams for him. I wanted to give him a great college education. I wanted to give him great health care. I wanted to be there for him. I wanted also to help my family in Colombia, and for that, you need money no matter what."

The idea came from her partner in the project, Renata Black. Ten percent of the net profit will go to the Seven Bar Foundation, which disperses funds through microfinance loans for business ventures, large and small, as low as $100.

At launch, the project will aid women in Colombia, but will expand to help those affected by Hurricanes Irma and Maria in the United States.

"I really feel that it's so important to give women a little chance, a little help, because I lived through it when I was young and I needed that one push, that one thing to be able to start in the entertainment business," she said. "I know what it feels to have your own money, your independence, so it is superimportant."

On Tuesday, Forbes named Vergara the highest-paid television actress in the 12-month period ending June 1. She brought in a whopping $41.5 million for her "Modern Family" duties, and that's only a portion of her income.

___

Online:

https://join-eby.com

Other News

Fidel Castro thanks Cuba, criticizes Obama, on 90th birthday

Aug 14, 2016

Fidel Castro thanked Cubans for their well-wishes on his 90th birthday and criticized President Barack Obama in a lengthy letter published in state media

Hedge-fund manager Cohen settles with US commodities agency

Aug 16, 2016

Billionaire hedge-fund manager Steven A. Cohen agrees to stay away from commodities business in deal with US agency

Hawaii sushi chain tied to hepatitis A outbreak tosses food

Aug 17, 2016

A popular restaurant chain in Hawaii that serves sushi on a conveyor belt threw out food and scrubbed its counters Tuesday after state authorities identified its raw scallops as the probable source of a hepatitis A outbreak

The Budget Report seeks to provide comprehensive coverage and analysis on the current economic, financial issues around the world. First hand finance and economic news all day, every day.

Contact us: sales@thebudgetreport.com