Lands’ End and WHP Global to form joint venture.

Lands’ End, a digital retailer of solution-based apparel, swimwear, outerwear, accessories, footwear, home products and uniforms, and WHP Global, a brand management firm, agreed to form joint venture. Financial terms were not disclosed. “This joint venture represents a fantastic opportunity for Lands’ End and will enable an even brighter future for the Company and brand. After carefully reviewing the full range of strategic alternatives available to the Company, the Board determined that this structure delivers Lands’ End stockholders superior long-term, risk-adjusted value by combining immediate balance sheet strength with retained upside and operational continuity. We look forward to working with WHP Global to capture the great opportunity ahead," Josephine Linden, Chair of the Lands’ End Board of Directors.