Blackstone acquires majority stake in shapewear and pantyhose giant Spanx valuing company at $1.2B; founder and CEO Sara Blakely will retain a significant stake and will continue to run operations
Spanx—Founded With $5,000—Is Now Worth $1.2 Billion in Blackstone Deal
(Bloomberg) -- Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion. Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a...
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