Logo of Phnom Penh Post newspaper Phnom Penh Post - US fashion label Henri Bendel to close after 123 years in business

US fashion label Henri Bendel to close after 123 years in business

Content image - Phnom Penh Post
Luxury sunglasses and handbag at the Henri Bendel Surf Sport 2018 Collection launch at The Bungalow in California on April 27. afp

US fashion label Henri Bendel to close after 123 years in business

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 on 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.”

Warhol as illustrator

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 hit 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.

L Brands did not reveal how many employees would be affected by the closure of Bendel.

MOST VIEWED

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia to make auto-rickshaws

    Locally-assembled electric auto-rickshaws could hit the Cambodian market as soon as early in May after the Council for the Development of Cambodia (CDC) gave the greenlight to an investment project at the weekend. According to a CDC press release, it will issue a final registration