Already facing one of the toughest Christmas trading periods in modern times, UK retail now has to contend with the prospect of product shortages with goods being held up at a major port ahead of the seasonal onslaught.
Just when you thought it might be the end of the online collection series by major designers, along comes Proenza Schouler this week with a great ode to the vitality of New York made of its own upcycled materials.
Having recently emerged from bankruptcy, the American brand licensing company has announced the appointment of Marc Schneider, the former CEO of Kenneth Cole Productions, as chairman of its board of directors.
All profits made from the sale of each 2020 campaign t-shirt and tote will be donated to the United Nations World Food Programme, and used to provide school meals to children in food-insecure regions of the world.
Swiss travel retail giant Dufry has agreed to buy the rest of Hudson for $7.70 per share in an all-cash deal worth around $311 million. Dufry currently owns 57.4% of the US firm. This will delist Hudson from the NYSE.