Lands’ End in its agreement to create a joint venture with WHP Global

On January 26, 2026, Lands’ End, Inc. (NASDAQ: LE) and WHP Global, a leading brand management firm, announced a purchase agreement to create a new joint venture to maximize the value of Lands’ End’s intellectual property and enhance stockholder value.  Pursuant to the purchase agreement, Lands’ End will contribute all of its intellectual property and related assets associated with the “Lands’ End” brand to the JV, including all of the license agreements entered into in connection with Lands’ End’s licensing business, and WHP Global will pay Lands’ End $300 million in cash for a 50% controlling ownership stake in the JV.  In addition, WHP Global will commence a tender offer for up to $100 million of Lands’ End shares and will enter into a long-term intellectual property license agreement with Lands’ End.

Wachtell, Lipton, Rosen & Katz is serving as legal counsel to Lands’ End.