Business

The owner of Victoria's Secret is closing down Henri Bendel - but that solves just a small piece of a much bigger problem

6 days ago   |   By Business Insider

L Brands , the owner of Victoria's Secret, announced it will close Henri Bendel in January 2019.
The closure is a small piece of a much bigger problem at L Brands, Jefferies says.
L Brands should take further actions, such as cutting its dividend, closing more stores, and reducing capital expense, the analysts said.
L Brands shares are up more than 4% on the news.
Watch L Brands trade in real-time here.
L Brands , the owner of Victoria's Secret, announced Friday it is shutting down Henri Bendel in January to "increase shareholder value." The company estimates that Henri Bendel will have...
Read more ...

 

Henri Bendel to close in January

Henri Bendel to close in January

6 days ago   |   By Reuters

L Brands will close all 23 Henri Bendel stores and its website in January so it can focus on growing its bigger brands. Fred Katayama reports.
Read more ...

 




Multiple people killed in shooting at Maryland Rite Aid complex, female...

Multiple people killed in shooting at Maryland Rite Aid complex, female suspect hospitalized

Multiple people were fatally shot Thursday when a woman opened fire at a business park in Aberdeen, Maryland, a law enforcement official says. Read more ...

Despite protests, Russia's anti-doping agency reinstated

Despite protests, Russia's anti-doping agency reinstated

The World Anti-Doping Agency declared Russia's scandal-ridden drug-fighting operation back in business Thursday, a decision designed to bring a close to one of sports' most... Read more ...

Passengers on a Jet Airways flight ended up with bloody ears and noses after...

Passengers on a Jet Airways flight ended up with bloody ears and noses after pilots forgot to pressurize the plane

Crew members on a Jet Airways flight from Mumbai to Jaipur in India forgot to press the bleed air switch, leading some passengers to report bleeding from their ears and noses... Read more ...

Blind high school football running back scores two touchdowns against a team...

Blind high school football running back scores two touchdowns against a team who didn't know he couldn't see

Adonis Watt, who lost his eyesight to glaucoma when he was five, is a freshman playing for football for Brophy College Preparatory in Phoenix, Arizona. He ran two touchdowns in... Read more ...

After turmoil, the next James Bond movie has a new director: Cary Joji...

After turmoil, the next James Bond movie has a new director: Cary Joji Fukunaga of 'True Detective'

Cary Joji Fukunaga has signed on to direct James Bond 25. The director is best known for helming the first season of HBO's "True Detective" and the acclaimed Netflix movie... Read more ...

Gap's New Menswear Line Is a Direct Challenge to Lululemon

Gap's New Menswear Line Is a Direct Challenge to Lululemon

Gap Inc gps is finally getting a horse in the men's side of the athleisure race. The retailer said on Thursday it would soon be launching a new brand called “Hill City” focused... Read more ...

The EU tells Theresa May her Chequers Brexit plan 'will not work'

The EU tells Theresa May her Chequers Brexit plan 'will not work'

European Council President Donald Tusk tells Theresa May that EU leaders are unanimous in opposing her Brexit plans. The so-called Chequers plan would be unacceptable to EU... Read more ...

Trump accuses 'OPEC monopoly' of pushing oil prices higher, and says 'they...

Trump accuses 'OPEC monopoly' of pushing oil prices higher, and says 'they must get oil prices down now!'

President Donald Trump tweeted that oil prices are too high, and called for the "OPEC monopoly" to "get prices down!" Trump seems to have threatened to withdraw US military... Read more ...

2 women drowned in a sheriff's van during Florence flooding while being...

2 women drowned in a sheriff's van during Florence flooding while being transported to a mental health facility

Two women drowned in a sheriff's van during Hurricane Florence flooding. The women were in the process of being transported between mental health facilities. At the time, they... Read more ...

Hackers stole $60 million from a crypto exchange in Japan's second major...

Hackers stole $60 million from a crypto exchange in Japan's second major bitcoin heist this year

6.7 billion yen in cryptocurrency has been stolen by hackers from a Japanese digital exchange called Zaif. Tech Bureau Corp, the Osaka based company that owns the exchange... Read more ...