Historical investment for Spanx
05/11/2021
Atlanta-headquartered shapewear, activewear and apparel brand Spanx recently announced that New York City-based investment firm Blackstone had acquired a majority stake in its business at a valuation of $1.2 billion.
The brand’s founder, Sarah Blakely, will maintain a significant equity stake in Spanx and her role will transmute to that of executive chairwoman, Blackrock said.
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