By and and  on December 9, 2013

At Sears, Lands’ End is as good as it gets in apparel. And Edward S. Lampert knows it.

Lampert has decided to spin off the 50-year-old Lands’ End as a public company trading on the Nasdaq Stock Market under “LE,” according to a regulatory filing Friday. Lampert would control about 48.4 percent of Lands’ End after the spin-off and maintain significant influence over the company. There will be some other big Lands’ End investors, including Fairholme Capital Management with a 17 percent stake, and Baker Street Capital Management, with 6.7 percent.

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