The Globe reports the owner of the high-end clothing store is throwing in the towel because the owner of its Northern Avenue land wants the space for development and she decided to retire, rather than sign a long-term lease to move into a building next door.
Boston Restaurant Talk reports that Sam's, the restaurant inside the clothing store, however, will remain open.
Louis, 85 years old, moved to the waterfront in 2010 from the historic building that now houses Restoration Hardware.
