TheStreet.com
L Brands (LB) , the embattled owner of Victoria’s Secret and other retail chains, surged 5.6% Friday to close at $28.97 after announcing plans to close all 23 of its money-losing Henri Bendel stores. “We have decided to stop operating Bendel to improve …
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Why the Shuttering of Fifth Avenue Mainstay Henri Bendel Is a Warning Sign to Luxury BrandsAdweek
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Source: Business