---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-006603"
form_type: "8-K"
ticker: "LE"
cik: "0000799288"
company_name: "LANDS' END, INC."
filed_at: "2026-01-26T23:59:59+00:00"
generated_at: "2026-05-16T08:14:31.438826+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lands' End to sell 50% of IPCo to WHP for $300M; tender offer for up to $100M of stock

## Summary
- WHP will purchase 50% of newly formed IPCo (holding Lands' End brand IP) for $300M cash; proceeds used to repay term loan.
- WHP will commence tender offer for up to 2,222,222 shares at $45/share (~$100M aggregate); expected to own ~7% of LE post-offer.
- Lands' End will license back IP from IPCo under a royalty-bearing license with a $50M/yr guaranteed minimum royalty for first 11 years.
- Closing subject to HSR, other conditions; outside date October 26, 2026. WHP financing committed by Morgan Stanley.
- Voting agreements with controlling stockholder Edward Lampert to support future WHP Topco monetization events.

## SEC filing metadata
- accession: 0001104659-26-006603
- form_type: 8-K
- ticker: LE
- cik: 0000799288
- company_name: LANDS' END, INC.
- filed_at: 2026-01-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799288/000110465926006603/0001104659-26-006603-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799288/000110465926006603/tm263788d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-006603
- JSON: https://secwatch.observer/filing/0001104659-26-006603.json
- Plain text: https://secwatch.observer/filing/0001104659-26-006603.txt

## Key facts
- Material Agreements
  LANDS' END, INC. entered into Membership Interest Purchase Agreement with WHP Borrower, LLC; WHP Topco, L.P. (d/b/a WHP Global); LEWHP LLC valued at $300 million in cash (effective 2026-01-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: WHP Borrower, LLC; WHP Topco, L.P. (d/b/a WHP Global); LEWHP LLC
  - Value: $300 million in cash
  - Effective: 2026-01-26
  source text: On January 26, 2026, Lands’ End, Inc., a Delaware corporation (the “ Company ”), entered into a Membership Interest Purchase Agreement (the “ MIPA ”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/799288/000110465926006603/0001104659-26-006603-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.