Luxury retailer Henri Bendel is closing. Here’s how that affects Miami.

Henri Bendel is closing – and yes, that means the stores in Miami, too.

The luxury retailer, which opened in Greenwich Village at the end of the 19th century, according to the Associated Press, will be closing its doors in January after 123 years. Its parent company L Brands Inc is hoping to focus on bigger brands that have more potential, the AP reports.

This means the stores at Dadeland Mall and Aventura Mall will be closing too, as well as the store in Town Center at Boca Raton.

Henri Bendel is best known for its designer purses and shoes.

View this post on Instagram

The #art of the perfect #handbag… Behold, the #tote every #bendelgirl needs this season, complete with an original illustration by none other than the fabulous @meganhess_official. Color us #obsessed. : @busbeestyle

A post shared by Henri Bendel (@henribendel) on Sep 12, 2018 at 5:01am PDT

Will there be closing sales? Seems like it could happen toward the end of the year, but who knows? Bag lovers, keep an eye out.

Last year L Brands Inc. reported revenue of $12.6 billion, according to CNN Money.

This story was originally published September 13, 2018 at 11:09 PM with the headline "Luxury retailer Henri Bendel is closing. Here’s how that affects Miami.."