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Not all businesses can scale. Amid mounting losses from its attempt to expand into a nationwide brand, all 28 locations of legendary fashion retaile, Henri Bendel are closing after 123 years.
Established in 1895, Louisiana-native Henri Bendel opened his first New York shop and became the first company to offer in-store makeovers, develop its own fragrance and establish the "store within a store" concept. He opened the first luxury retail shop on Fifth Avenue and was the first to offer its own fashion shows. An eye for quality, Henri Bendel had none other than Andy Warhol as his in-house illustrator. Icon Jackie O helped the flagship Fifth Avenue store receive landmark preservation status.
The surviving Bendel family sold the brand to fashion retailer L Brands in 1985.