Blackstone Buys Majority Stake In Spanx In Deal Valuing Shapewear

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Sara Blakely, the company’s founder, will retain a stake and become its executive chair.
Sara Blakely, the company’s founder, will retain a stake and become its executive chair.

Spanx sells majority stake to investment firm Blackstone

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Blackstone buys majority stake in Spanx, valuing it at $1.2 billion