Lands' End Board of Directors Initiates Process to Maximize Shareholder Value

Core Viewpoint - Lands' End, Inc. has initiated a process to explore strategic alternatives, including a potential sale or merger, to maximize shareholder value [1][2]. Company Overview - Lands' End, Inc. is a leading digital retailer offering a variety of products including apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms [4]. - The company operates through multiple channels including its website, third-party distribution, company-operated stores, and licensing agreements [4]. Strategic Process - The Board of Directors believes the market is undervaluing the company and its potential for future value creation [2]. - The company is committed to a rigorous process to serve the interests of all shareholders, with no assurances on the outcome or timing of this process [2]. - Perella Weinberg Partners is serving as the financial advisor, while Wachtell, Lipton, Rosen & Katz is the legal advisor for the company [3].