The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
COLUMBUS, United States — Victoria's Secret owner L Brands Inc on Thursday said it would close all 23 of its Henri Bendel stores and the Henri Bendel e-commerce website in January.
The company cut its full-year earnings forecast in August, blaming falling demand for its PINK line of lingerie amid competition from brands such as American Eagle Outfitter's Aerie.
The company expects Henri Bendel, which sells women's handbags, jewellery and luxury fashion accessories, to bring in revenue of about $85 million (£64.84 million) for 2018. It did not provide any details on costs related to the closing of the business.
The Henri Bendel stores and the website will remain in operation through January 2019, it said.
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Heri Bendel, which opened its first store in 1895 in New York's Greenwich Village, was bought by L Brands in 1985.
By Saumya Sibi Joseph; editor: Shailesh Kuber.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
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Imran Amed reviews the most important fashion stories of the year and shares his predictions on what this means for the industry in 2024.
After three days of inspiring talks, guests closed out BoF’s gathering for big thinkers with a black tie gala followed by an intimate performance from Rita Ora — guest starring Billy Porter.