The recession has forced companies to watch their like-for-like sale like it was a Hip-Hop album in its first week. This has ultimately lead to some cost cutting procedures as labels look to only keep profitable arms of their label. Drapers reports that Burberry is shutting down its diffusion line, Thomas Burberry. There’s no word on which collection will be its last but it can be assumed that S/S09 will be its last season.

Sad news on the fashion coming from Obedient Sons & Daughters. From the official press release on the matter:

Today Christina and Swaim Hutson regretfully announce the closing of Obedient Sons, LLC due to complications with the brand’s primary investor and their current minority ownership interest. In the past year, the brand has had tremendous growth and success; however, during this time there has not been sufficient capital to support the growth. The company’s current ownership structure has presented the challenge of bringing on additional outside investors. “For the last year, we have continuously fought to maintain daily operations and have exhausted all alternatives and at this point we need to move on,” said Swaim Hutson.

Fans of the Hutson’s will be happy to know that “Christina and Swaim plan to exit the brand and launch a new label with sole ownership set to premier at their February 14, 2009 runway show in New York.”