Land’s End, WHP announce agreement to form joint venture

TipRanks

Tue, January 27, 2026 astatine 7:05 AM CST 1 min read

Lands’ End and WHP Global announced an statement to signifier a caller associated task to unlock the worth of Lands’ End’s intelligence spot portion strengthening the Company’s equilibrium sheet. The transaction delivers $300 cardinal of gross currency proceeds to Lands’ End. To make the JV, Lands’ End volition lend each of its intelligence spot and related assets associated with the “Lands’ End” brand, including each of the licence agreements entered into successful transportation with Lands’ End’s licensing business, and WHP Global volition wage the Company $300 cardinal successful currency for a 50% controlling ownership stake. WHP Global volition pb the JV’s planetary licensing strategy and marque expansion, portion Lands’ End volition clasp afloat operational power of its existing nonstop to user and B2B businesses. Upon closing, the JV volition beryllium owned 50/50 by Lands’ End and WHP Global and volition beryllium designed to maximize the worth of Lands’ End’s intelligence property, leveraging the marque expertise and planetary licensee web of WHP Global’s platform. Lands’ End intends to usage proceeds from the merchantability to, among different things, afloat repay its outstanding word loan, which was astir $234 cardinal arsenic of January 26, 2026, and for wide firm purposes.

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