Lands' End Board launches strategic alternatives process including potential sale

LANDS' END, INC.

Board initiates process to explore strategic alternatives, including sale or merger.
Chair Josephine Linden says market undervaluing the company, committed to rigorous process.
Perella Weinberg Partners financial advisor; Wachtell, Lipton legal advisor.
No assurances on outcome or timing; no further comment until appropriate disclosure.

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