Spanx news and archive
Oprah Winfrey and Reese Witherspoon among new investors for Spanx
Womenswear brand Spanx had announced that investment firm Blackstone has closed a majority investment in the business, at a valuation of 1.2 billion dollars, with the addition of a number of new investors also participating in the closing. Oprah Winfrey, Reese Witherspoon and Whitney Wolfe Herd, as well as female-founded G9 Ventures, are among...
Nov. 19, 2021
Spanx sells majority stake to investment firm Blackstone
Spanx has sold a majority stake to private equity firm Blackstone in a deal that values the US shapewear brand at 1.2 billion dollars. The Atlanta, Georgia-headquartered company said the acquisition will help accelerate its digital transformation, expand its global footprint, and add new categories. Spanx founder Sara Blakely will retain “a...
Oct. 21, 2021
Sara Blakely, CEO and founder of Spanx, donates 5 million to help female entrepreneurs
New York - In an article posted shared through LinkedIn, Sara Blakely, CEO and founder of Spanx, explained her decision to donate 5 million dollars “directly to female entrepreneurs to help their businesses, families and employees.” In the context of a pandemic that is rapidly taking a fatal toll on lives and businesses worldwide, Blakely points...
Apr. 10, 2020