Spanx Valued at USD1.2 Billion After Blackstone Deal

Spanx, an American shapewear company, is worth USD1.2 Billion after entering a definitive agreement for a majority investment from funds managed by Blackstone. The companies have yet to disclose the amount Blackstone paid for its stake. “This is a really important moment in time for female entrepreneurs,” said Spanx founder Sara Blakely. Nevertheless, Blakely is …

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