Lands' End Confirms Receipt of Letter from Edward S. Lampert

Core Viewpoint - Lands' End, Inc. has received a request from Edward S. Lampert to initiate a strategic sale process aimed at maximizing shareholder value [1][2]. Company Overview - Lands' End, Inc. is a prominent digital retailer specializing in solution-based apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms [3]. - The company operates through various channels, including its website, third-party distribution, company-operated stores, and licensing agreements [3]. - Lands' End also serves businesses and schools through its Outfitters distribution channel, positioning itself as a classic American lifestyle brand [3]. Board Response - The Chair of the Board, Josephine Linden, expressed that the Board welcomes shareholder input on maximizing investment value and is reviewing Lampert's letter [2]. - The Board is committed to pursuing a strategy that aligns with the best interests of all shareholders [2]. Advisory Support - Perella Weinberg Partners has been appointed as the financial advisor for Lands' End, while Wachtell, Lipton, Rosen & Katz serves as the legal advisor [2].