Lands’ End today begins trading as a public firm again.
The company will trade on the Nasdaq under the symbol “LE.”
Lands’ End was a public company until it was acquired by Sears, Roebuck & Co. That was prior to the merger with Kmart Corp., after which the merged entity became Sears Holdings Corp.
Sears completed the spinoff of Lands’ End on Friday. Prior to the Lands’ End spinoff, Sears received a special dividend of $500 million from the catalog firm.
Lands’ End’s chief executive officer Edgar Huber will ring the closing bell at the end of the day’s trading session, according to Nasdaq.