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

  • Massive stingrays may live in Mekong’s deep pools

    US scientists have suggested that unexplored deep pools in the Mekong River in an area of Stung Treng could potentially be home to significant populations of giant freshwater stingrays, one of the world’s largest freshwater fish species. This comes as a fisherman hooked a 180

  • CCC team off on US business trip

    The Kingdom’s leading economists and private sector representatives have called on the US to renew its tax preferential status for Cambodian exports, as a Cambodia Chamber of Commerce (CCC) delegation departed for a weeklong business visit to the US, where they will meet with

  • PM takes time to meet, greet Cambodians living in the US

    After landing in the US ahead of the ASEAN-US Special Summit, Prime Minister Hun Sen was received by over 1,000 Cambodian-Americans including political analysts who welcomed him with greetings, fist bumps and selfies. Hun Sen also met with analyst Mak Hoeun, who had allegedly spoken ill

  • Khmer cinema classics back on big screen for free at WB Arena’s outdoor movies series

    On a recent Saturday evening at WB Arena, Bunsong was enjoying a tasty BBQ meal with his family after work on the long tables that had been arranged out in front of the restaurant as they watched a Khmer action movie on a big outdoor

  • PM heads to Washington for ASEAN-US special summit

    Regional and international issues and how to bring the ASEAN-US partnership to another level will be discussed at length as Prime Minister Hun Sen and his ministers arrive in Washington, DC, for a special summit on May 12-13. During the trip, Hun Sen and ASEAN

  • National Assembly refutes EU resolution

    The National Assembly (NA) has hit back at a European Parliament resolution condemning the political and human rights situation in Cambodia, calling it another display of the Parliament’s “double standards”. Key points of the resolution include a warning that the Parliament could exclude the