Must Read: Can Bath & Body Works Save L Brands?, How Fashion Can Overcome the Industry's Discounting Problem

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Plus, Burberry sees a steep decline in profits.

Author:Stephanie SaltzmanPublish date:May 22, 2020Can the recent success of Bath & Body Works save L Brands?

L Brands' attempt to sell off a majority stake in the struggling Victoria's Secret fell apart amidst the pandemic, just as another of the company's assets, Bath & Body Works, saw a spike in demand for its products, like hand soap and sanitizer. The soap-and-candle chain has seen growth and impressive sales over the last decade, reportedly bringing in more than $5 billion in 2019.

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