• 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.

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L Brands, the owner of Victoria's Secret, announced Friday it is shutting down The company estimates that Henri Bendel will have $85 million revenues and a $45 million operating loss in 2018.