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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)