L Brands to close Henri Bendel

Henri Bendel has been struggling for some time, and L Brands said it would close the retailer in a bid to improve profitability and focus on its larger brands that have greater potential for growth

Retail group L Brands will cut its losses by closing its US-based specialty store Henri Bendel, including all physical stores and the Henri Bendel e-commerce site, at the end of January 2019.

Henri Bendel currently has 23 brick-and-mortar stores, including...

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