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After Bendel's nephew, also named Henri Bendel, retired from the company in 1954, the Bendel family sold the store to a group of investors. [10] In 1980, Henri Bendel president Geraldine Stutz purchased the store with a group of investors from Genesco Inc., a retailing/apparel company that had owned Bonwit Teller and other stores. [20]
In 1985, the exclusive Henri Bendel store on Fifth Avenue in New York City was purchased for $10 million and 798 Lerner stores for $297 million. Finally, in 1988, 25 Abercrombie & Fitch stores were purchased for $46 million (~$102 million in 2023).
At first, Bendel ordered only a few of Mira de Moss’s evening-wear designs after meeting her at a Friday lineup. Soon, she was getting reorders worth $100,000, or $300,000 in today’s dollars.
The 1980s started a string of acquisitions. In 1982, the Victoria's Secret brand, store, and catalogue were purchased from Roy Raymond for $1 million. [18] Also in 1982, 207 Lane Bryant stores were purchased. In 1985, the exclusive Henri Bendel store on Fifth Avenue in New York City was purchased for $10 million and 798 Lerner stores
Rosenberg had joined Henri Bendel’s six months before Stutz’s arrival in 1957 and the duo jointly departed in 1986, after the store was sold to The Limited, the retail conglomerate founded by ...
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