Land’s End initiates process to explore strategic alternatives

Lands’ End announced that its Board of Directors has initiated a process to explore strategic alternatives, including a sale, merger or similar transaction involving the Company, to maximize shareholder value. “Lands’ End is a classic American lifestyle brand – and the Company’s strategy and execution have delivered significant operational and financial improvements,” said Josephine Linden, Chair of the Board. “While we remain confident in the Company’s potential for future value creation, the Board also believes that the market is undervaluing this great Company and its upside potential. As a result, in consultation with the Board’s legal and financial advisors, we have determined it is an appropriate time to explore strategic alternatives to maximize shareholder value. We are committed to conducting a rigorous process to best serve the interests of all Lands’ End shareholders.”