Business

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

5 monthes 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...
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Henri Bendel to close in January

Henri Bendel to close in January

5 monthes 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.
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R. Kelly reportedly charged in Cook County with aggravated criminal sexual abuse

R. Kelly reportedly charged in Cook County with aggravated criminal sexual abuse

R. Kelly was charged with 10 counts of aggravated criminal sexual abuse in Cook County Friday morning, the Chicago Sun-Times reported. Kelly is accused of sexually abusing four... Read more ...

225 Democrats and 1 Republican cosponsor a resolution to block Trump's...

225 Democrats and 1 Republican cosponsor a resolution to block Trump's national emergency declaration for his border wall

The House of Representatives will take its first step to try to block President Trump's national emergency declaration to build his wall along the US-Mexico border. Rep... Read more ...

R. Kelly's lawyer says 'I think all the women are lying' as the singer is...

R. Kelly's lawyer says 'I think all the women are lying' as the singer is arrested in Chicago on sexual-abuse charges involving 4 women

R. Kelly's lawyer Steve Greenberg addressed reporters on Friday night after the singer was arrested in Chicago on sexual-abuse charges, saying he doesn't believe the women... Read more ...

YouTube won't let anti-vaccine videos make advertising money for their...

YouTube won't let anti-vaccine videos make advertising money for their creators, citing a policy around 'dangerous or harmful' content

YouTube channels that promote anti-vaccination content are not allowed to run ads on the video sharing platform, according to a policy first reported by BuzzFeed News on... Read more ...

Patriots owner Bob Kraft was just charged with soliciting prostitution...

Patriots owner Bob Kraft was just charged with soliciting prostitution. Here's how he made his $4.3 billion fortune, from working at his father-in-law's packaging company to buying the NFL team for $172 million

Robert Kraft , the billionaire owner of the New England Patriots who was just charged with soliciting prostitution , is worth at least $4.36 billion . He made his fortune in... Read more ...

'I know what I'm doing. I just won a big election': Video shows a...

'I know what I'm doing. I just won a big election': Video shows a confrontation between kids and Sen. Dianne Feinstein over the Green New Deal

A video of Democratic Sen. Dianne Feinstein of California being confronted by children from an activist organization went viral on Friday. A group of children and a few adults... Read more ...

Patriots owner Robert Kraft charged with 2 counts of soliciting prostitution

Patriots owner Robert Kraft charged with 2 counts of soliciting prostitution

New England Patriots owner Robert Kraft was charged with two counts of soliciting prostitution on Friday. The charges come in relation to a months-long investigation by Florida... Read more ...

New York state prosecutors are reportedly putting together a criminal case...

New York state prosecutors are reportedly putting together a criminal case against Manafort in the event Trump pardons him

New York state prosecutors are reportedly preparing a criminal case against Paul Manafort in case President Donald Trump pardons him for federal crimes. The revelation comes... Read more ...

Twitter co-founder Ev Williams has stepped down from the $24 billion...

Twitter co-founder Ev Williams has stepped down from the $24 billion company's board

Twitter cofounder and former CEO Evan Williams will step down from the public company's board of directors, the company announced Friday . “It's been an incredible 13 years... Read more ...

How the sex trafficking ring allegedly solicited by Robert Kraft worked...

How the sex trafficking ring allegedly solicited by Robert Kraft worked, according to investigators

Robert Kraft was charged Friday with soliciting prostitution as part of a takedown on a large sex trafficking ring in Florida. In the trafficking operation, women came from... Read more ...