Don't miss

Replay


LATEST SHOWS

#THE 51%

One is not enough: China to encourage people to have more children

Read more

ENCORE!

A Pulitzer Prize-winning 'Trajectory': Richard Russo on writing small town America

Read more

#TECH 24

Hacking the body, and the mind: The future of connected humanity

Read more

REPORTERS

Colombia: Cursed by coca in Catatumbo

Read more

FOCUS

Britain’s Labour Party: No home for Jews?

Read more

IN THE PRESS

Outfoxed: The mystery of the ‘Croydon Cat Killer’

Read more

YOU ARE HERE

Backstage at the Moulin Rouge

Read more

REVISITED

Video: Hero or dictator? Ugandans divided over Idi Amin Dada’s legacy

Read more

PERSPECTIVE

Sobel Aziz Ngom: Mentoring the next generation of African leaders and entrepreneurs

Read more

US fashion label Henri Bendel to close after 123 years

© GETTY IMAGES NORTH AMERICA/AFP/File | Henri Bendel will close its doors in New York and elsewhere in January, after 123 years in business

NEW YORK (AFP) - 

Upscale US fashion label Henri Bendel -- known in recent years for its luxury handbags and shoes -- will shut down in January after 123 years in business, parent company L Brands has announced.

The Bendel website and all of the label's 23 stores in the United States, including the flagship location on New York's Fifth Avenue, will remain open through the holiday shopping season, L Brands said in a statement.

But from the start of 2019, the parent company said it will put its focus on the group's more profitable labels.

"We are committed to improving performance in the business and increasing shareholder value," L Brands chairman and CEO Leslie Wexner said in a statement released Thursday.

"As part of that effort, we have decided to stop operating Bendel to improve company profitability and focus on our larger brands that have greater growth potential."

The closing of the Bendel stores, whose well-heeled customers could be easily spotted in Manhattan thanks to the label's chic brown and white-striped packaging, marks the end of a fashion journey begun in 1895.

That year, Louisiana-born designer Henri Bendel, originally a hatmaker, opened his first shop in New York's Greenwich Village.

The company boasts that Bendel was the first luxury retailer with a store on upper Fifth Avenue -- an area that today is home to the world's top brands.

In the 1960s, the company hired Andy Warhol as an in-house illustrator.

Thanks to the wild popularity of the television show "Sex and the City," Bendel won over a new generation of fans.

Bendel women will likely stock up on the company's offerings before year's end, with L Brands promising "new merchandise during that period.

Bendel, which was acquired by L Brands in 1985, is suffering from sluggish sales: it is expected to post an operating loss of $45 million for 2018, against revenues of $85 million, the parent company said.

L Brands controls a stable of labels including lingerie shop Victoria's Secret and Bath & Body Works.

Last year, the group -- which operates more than 3,000 stores in the US, Canada and Britain -- reported revenue of more than $12 billion.

It did not say how many employees would be affected by the closure of Bendel.

© 2018 AFP