Lands’ End Board of Directors Initiates Process to Maximize Shareholder Value
Lands' End (NASDAQ: LE) has announced that its Board of Directors has initiated a strategic review process to maximize shareholder value, including exploring potential options such as a sale, merger or similar transaction.
Board Chair Josephine Linden stated that while the company remains confident in its future value creation potential, they believe the market is currently undervaluing the classic American lifestyle brand and its upside potential. The Board has engaged Perella Weinberg Partners as financial advisor and Wachtell, Lipton, Rosen & Katz as legal advisor for this process.
The company has indicated it will not provide further public comments regarding the process until deemed appropriate, and no assurances have been given regarding the outcome or timing of this strategic review.
Lands' End (NASDAQ: LE) ha annunciato che il suo Consiglio di Amministrazione ha avviato un processo di revisione strategica per massimizzare il valore per gli azionisti, esplorando potenziali opzioni come una vendita, fusione o transazione simile.
La Presidente del Consiglio Josephine Linden ha dichiarato che, sebbene l'azienda rimanga fiduciosa nel suo potenziale di creazione di valore futuro, ritiene che il mercato stia attualmente sottovalutando il classico marchio di lifestyle americano e il suo potenziale di crescita. Il Consiglio ha coinvolto Perella Weinberg Partners come consulente finanziario e Wachtell, Lipton, Rosen & Katz come consulente legale per questo processo.
L'azienda ha indicato che non fornirà ulteriori commenti pubblici riguardo al processo fino a quando non sarà ritenuto opportuno, e non sono state fornite garanzie riguardo all'esito o ai tempi di questa revisione strategica.
Lands' End (NASDAQ: LE) ha anunciado que su Junta Directiva ha iniciado un proceso de revisión estratégica para maximizar el valor para los accionistas, explorando opciones potenciales como una venta, fusión o transacción similar.
La Presidenta de la Junta, Josephine Linden, declaró que, aunque la empresa sigue confiando en su potencial de creación de valor futuro, creen que el mercado actualmente está subestimando la clásica marca de estilo de vida estadounidense y su potencial de crecimiento. La Junta ha contratado a Perella Weinberg Partners como asesor financiero y a Wachtell, Lipton, Rosen & Katz como asesor legal para este proceso.
La empresa ha indicado que no proporcionará más comentarios públicos sobre el proceso hasta que lo considere apropiado, y no se han dado garantías sobre el resultado o el tiempo de esta revisión estratégica.
Lands' End (NASDAQ: LE)는 이사회가 주주 가치를 극대화하기 위한 전략적 검토 과정을 시작했다고 발표했으며, 매각, 합병 또는 유사한 거래와 같은 잠재적 옵션을 탐색하고 있습니다.
이사회 의장인 조세핀 린든은 회사가 미래 가치 창출 가능성에 대해 여전히 자신감을 가지고 있지만, 현재 시장이 전통적인 미국 라이프스타일 브랜드와 그 성장 가능성을 저평가하고 있다고 믿고 있다고 밝혔습니다. 이사회는 이 과정의 재무 자문으로 Perella Weinberg Partners를, 법률 자문으로 Wachtell, Lipton, Rosen & Katz를 고용했습니다.
회사는 이 과정에 대해 적절하다고 판단될 때까지 추가적인 공개 코멘트를 제공하지 않을 것이라고 밝혔으며, 이 전략적 검토의 결과나 시기에 대한 보장은 제공되지 않았습니다.
Lands' End (NASDAQ: LE) a annoncé que son Conseil d'Administration a lancé un processus de révision stratégique pour maximiser la valeur pour les actionnaires, y compris l'exploration d'options potentielles telles qu'une vente, fusion ou transaction similaire.
La Présidente du Conseil, Josephine Linden, a déclaré que bien que l'entreprise reste confiante dans son potentiel de création de valeur future, elle estime que le marché sous-estime actuellement la marque de style de vie américain classique et son potentiel de croissance. Le Conseil a engagé Perella Weinberg Partners comme conseiller financier et Wachtell, Lipton, Rosen & Katz comme conseiller juridique pour ce processus.
L'entreprise a indiqué qu'elle ne fera pas de commentaires publics supplémentaires concernant le processus jusqu'à ce que cela soit jugé approprié, et aucune garantie n'a été donnée concernant le résultat ou le calendrier de cette révision stratégique.
Lands' End (NASDAQ: LE) hat angekündigt, dass der Vorstand einen strategischen Überprüfungsprozess eingeleitet hat, um den Aktionärswert zu maximieren, einschließlich der Prüfung potenzieller Optionen wie Verkauf, Fusion oder ähnliche Transaktion.
Die Vorsitzende des Vorstands, Josephine Linden, erklärte, dass das Unternehmen zwar weiterhin zuversichtlich in sein zukünftiges Wertschöpfungspotenzial ist, jedoch der Meinung ist, dass der Markt die klassische amerikanische Lifestyle-Marke und ihr Wachstumspotenzial derzeit unterbewertet. Der Vorstand hat Perella Weinberg Partners als Finanzberater und Wachtell, Lipton, Rosen & Katz als Rechtsberater für diesen Prozess engagiert.
Das Unternehmen hat angegeben, dass es bis zu einem geeigneten Zeitpunkt keine weiteren öffentlichen Kommentare zu diesem Prozess abgeben wird, und es wurden keine Zusicherungen hinsichtlich des Ergebnisses oder der Dauer dieser strategischen Überprüfung gegeben.
- Board actively seeking to maximize shareholder value
- Company reports significant operational and financial improvements
- Engagement of top-tier financial and legal advisors
- Market currently undervaluing company according to Board
- No guarantee of successful transaction outcome
- Timeline uncertainty for strategic process completion
DODGEVILLE, Wis., March 07, 2025 (GLOBE NEWSWIRE) -- Lands' End, Inc. (NASDAQ: LE), today 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.”
Linden continued, “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.”
No assurances can be given as to the outcome or timing of the Board’s process. The Company does not intend to make any further public comment regarding the process until it determines that disclosure is appropriate.
Perella Weinberg Partners serves as Lands’ End’s financial advisor and Wachtell, Lipton, Rosen & Katz serves as Lands’ End’s legal advisor.
About Lands' End, Inc.
Lands’ End, Inc. (NASDAQ:LE) is a leading digital retailer of solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms. Lands’ End offers products online at www.landsend.com, through third-party distribution channels, our own Company Operated stores and third-party license agreements. Lands’ End also offers products to businesses and schools, for their employees and students, through the Outfitters distribution channel. Lands’ End is a classic American lifestyle brand that creates solutions for life’s every journey.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, but are not limited to, the outcome and timing of the strategic alternatives process, which may be suspended or modified at any time; the possibility that the Board of Directors may decide not to undertake a sale or particular strategic transaction following such process; the Company’s inability to consummate any proposed strategic alternative resulting from the process due to, among other things, market, regulatory or other factors; the potential for disruption to our business resulting from the process; potential adverse effects on our stock price from the announcement, and suspension or consummation of the process. See also the risks, uncertainties and factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended February 2, 2024, filed with the Securities and Exchange Commission on April 3, 2024, for important factors and uncertainties which, among others, could cause actual results to differ materially from those described in these forward-looking statements. The Company intends the forward-looking statements to speak only as of the time made and does not undertake to update or revise them as more information becomes available, except as required by law.
CONTACTS
Lands’ End, Inc.
Bernard McCracken
Chief Financial Officer
(608) 935-4100
Investor Relations:
ICR, Inc.
Tom Filandro
(646) 277-1235
Tom.Filandro@icrinc.com
Media:
FGS Global
Andy Duberstein/Hayley Cook
LandsEnd@fgsglobal.com
FAQ
What strategic alternatives is Lands' End (LE) considering in its 2025 review?
Why did Lands' End (LE) initiate a strategic review process in March 2025?
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