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L Brands to close all Henri Bendel stores, website

September 13, 2018 10:36 PM
33 0

(Reuters) - Victoria’s Secret owner L Brands Inc (LB.N) on Thursday said it would close all 23 of its Henri Bendel stores and the Henri Bendel e-commerce website in January.

The company cut its full-year earnings forecast in August, blaming falling demand for its PINK line of lingerie amid competition from brands such as American Eagle Outfitter’s (AEO.N) Aerie.

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