(CBS) — The luxury retailer Henri Bendel, which opened its doors in New York’s Greenwich Village at the end of the 19th century, is closing.

L Brands Inc., which acquired the brand in 1985, said that the 23 Bendel stores will turn out the lights in January.

The Columbus, Ohio, company said it wants focus on larger brands with more growth potential.

 

bendel box gettyimages 874729712 Henri Bendel Stores Closing After 123 Year Run For Luxury Retailer

NEW YORK, NY – NOVEMBER 15: A general view of atmosphere at the Henri Bendel Holiday Window Unveiling at Henri Bendel on November 15, 2017 in New York City. (Photo by Craig Barritt/Getty Images for Henri Bendel)

Henry Bendel was a women’s hat maker from Lafayette, Louisiana.

He moved to New York in 1895 and began catering to the city’s elite, making the stores’ brown and white striped shopping and bags and hat boxes a coveted status symbol.

In the 1960s, its in-house illustrator was a young artist named Andy Warhol.

The company’s flagship store on New York’s 5th Avenue, steps away from Trump Tower, is a landmark in Manhattan.

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