WHP Global to acquire 50% stake in Lands’ End brand

Lands` End is forming a joint venture with brand management and acquisition company WHP Global in a deal that will provide the apparel brand with $300 million in cash.

As part of the joint venture, the women`s apparel retailer will contribute all of its intellectual property and related assets associated with its brand, including all of the license agreements entered into in connection with Lands’ End’s licensing business.  WHP Global will pay Lands’ End $300 million in cash for a 50% controlling ownership stake. The brand intends to use proceeds from the sale to, among other things, fully repay its outstanding term loan, which was approximately $234 million as of Jan. 26, 2026, and for general purposes.

The deal comes nearly one year after Lands` End announced it was exploring strategic options, which could include a sale, to maximize shareholder value...