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Hudson has broadened its strategic partnership with Sunglass Hut, now enabling Hudson to exclusively operate new standalone travel retail stores in the U.S. and Canada. Currently, Hudson operates 6 out of 32 Sunglass Hut standalone locations in North America and over 50 on-the-go corners. This expansion builds on their 2020 partnership aimed at providing a seamless brand experience. The new stores will feature a wide selection of sunglasses and enhanced shopping technology, reaffirming Hudson's commitment to being a leading retailer in travel convenience.
Hudson, a leader in travel experiences, has received the 2022 All In For Students Philanthropic Partner Award from Communities In Schools for its extensive support and fundraising efforts exceeding
Hudson has secured a 10-year contract extension to operate at Charleston International Airport (CHS), enhancing its retail and dining offerings for over 4 million travelers annually. The expansion includes innovative concepts like Hudson Nonstop for frictionless shopping and Evolve by Hudson, along with a Chick-fil-A and a Sunglass Hut. Hudson's new loyalty program and digital innovations aim to improve customer experience, aligning with the airport’s ongoing redevelopment to accommodate rising passenger numbers.
Hudson has launched its innovative Decanted and Hudson Nonstop concept at Dallas Fort Worth International Airport, revolutionizing dining and shopping for travelers. The 1,600-square-foot space features Hudson’s first wine bar, Decanted, which offers a diverse menu alongside the Hudson Nonstop store powered by Amazon's Just Walk Out technology. This marks Hudson's fourth Nonstop location in the U.S., enhancing the travel experience with convenient shopping options. The venture aims to provide seamless services and elevate traveler convenience.
Hudson Ltd. (NYSE: HUD) announced its merger completion with Dufry AG, following a shareholder vote on November 30, 2020, which saw 98.59% approval for the Merger Agreement. Hudson is now an indirect wholly owned subsidiary of Dufry. As part of the agreement, Hudson's Class A shareholders will receive $7.70 per share in cash. Trading of Hudson's Class A common shares on the NYSE has been suspended, with delisting expected in about 10 days. This merger positions Hudson to enhance its travel retail operations as part of Dufry's global network.
Hudson (NYSE: HUD) reported a 74.1% decline in turnover to $135.4 million for Q3 2020 and a 63.6% decrease for nine months to $538.6 million. The recovery in sales is attributed to a gradual reopening of over 300 stores and increasing North American passenger volumes, which improved from 95% down in April to 65% down in October. Hudson has initiated new store openings and cost-saving measures, reducing cash usage significantly. A pending acquisition by Dufry AG will result in Hudson's delisting from NYSE.
Hudson (NYSE: HUD) will release its trading update for the third quarter and nine months ended September 30, 2020, on November 3, 2020, before market opening. The announcement comes amid Hudson's pending acquisition by controlling shareholder Dufry AG Group. Notably, there will be no conference call to discuss the results due to this acquisition. Hudson operates over 1,000 stores in airports and tourist destinations, focusing on providing exceptional travel experiences. For more information, visit www.hudsongroup.com.
