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The owner of Victoria's Secret is closing down Henri Bendel - but that solves just a small piece of a much bigger problem

5 days ago   |   By Business Insider

Craig Barritt/Getty Images for Henri Bendel
L Brands , the owner of Victoria's Secret, announced it will close Henri Bendel in January 2019.
The closure is a small piece of a much bigger problem at L Brands, Jefferies says.
L Brands should take further actions, such as cutting its dividend, closing more stores, and reducing capital expense, the analysts said.
L Brands shares are up more than 4% on the news.
Watch L Brands trade in real-time here.
L Brands , the owner of Victoria's Secret, announced Friday it is shutting down Henri Bendel in January to "increase shareholder value." The...
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Luxury retailer Henri Bendel is shutting down after 123 years in business

Luxury retailer Henri Bendel is shutting down after 123 years in business

5 days ago   |   By Business Insider

Craig Barritt/Getty Images for Henri Bendel
Henri Bendel is closing its doors after more than 100 years in business.
It will officially wind down in January, parent company L Brands said.
NEW YORK - The luxury retailer Henri Bendel, which opened its doors in New York's Greenwich Village at the end of the 19th century, is closing.
L Brands Inc., which acquired the brand in 1985, said that the 23 Bendel stores will turn out the lights in January. The Columbus, Ohio, company said it wants focus on larger brands with more growth potential. See the rest of the story at Business Insider See...
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