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]. Group 1: Strategic Alternatives - The Board of Directors believes the market is undervaluing the company and its potential for future value creation [2]. - The company is committed to conducting a rigorous process to serve the interests of all shareholders [2]. - Perella Weinberg Partners is serving as the financial advisor, while Wachtell, Lipton, Rosen & Katz is the legal advisor for the process [3]. Group 2: Company Overview - Lands' End, Inc. is a leading digital retailer offering a variety of products including apparel, swimwear, outerwear, and home products [4]. - The company operates through multiple channels, including its website, third-party distribution, and company-operated stores [4]. - Lands' End also provides products to businesses and schools through its Outfitters distribution channel [4].