Lands’ End shares surge 40.14% intraday after $300M joint venture with WHP Global boosts liquidity and debt repayment.

Lands’ End (NASDAQ:LE) surged 40.14% intraday after announcing a $300 million joint venture with WHP Global, which will acquire a 50% stake in the company’s intellectual property. The deal provides immediate liquidity to repay Lands’ End’s $234 million term loan, strengthen its balance sheet, and fund growth. WHP Global, a brand management firm with a $8 billion retail sales portfolio, will lead licensing efforts, while Lands’ End retains operational control of its direct-to-consumer and B2B businesses. Additionally, WHP Global launched a $100 million tender offer for Lands’ End shares at $45 each, signaling confidence in the partnership. The transaction, expected to close in H1 2026, includes potential equity swap rights for Lands’ End in future WHP monetization events, offering long-term upside. Executive and board statements emphasized enhanced shareholder value and strategic growth opportunities, directly correlating with the stock’s sharp intraday rally.