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The Victoria & # 39; s Secret owner, L Brandson, announced Thursday that she would close her 23 Henri Bendel stores and the Henri Bendel e-commerce site in January.
The company trimmed its earnings guidance for the full year in August, questioning the drop in demand for its PINK lingerie line, due to competition from brands such as the American Eagle Outfitter's Aerie .
The company expects Henri Bendel, who sells women's handbags, jewelry and luxury fashion accessories, to generate sales of approximately $ 85 million in provided no details on the costs of closing the business.
Henri Bendel stores and the website will remain operational until January 2019, he said.
Heri Bendel, who opened her first store in 1895 in Greenwich Village, New York, was bought by L Brands in 1985.
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