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Spanx CEO surprises every employee with 2 first-class plane tickets and $10,000

Before Spanx founder Sara Blakely became the youngest self-made female billionaire, she sold fax machines door to door because she needed the money and health insurance. Now, two decades after Blakely launched the pioneering womenswear company, global investment firm Blackstone is buying a majority stake in Spanx, which is valued at an estimated $1.2 billion in the deal.
BUSINESS
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GV Wire

Spanx CEO Surprises Every Employee With 2 First-Class Plane Tickets and $10,000

Two decades after Sara Blakely launched the pioneering womenswear company Spanx, global investment firm Blackstone is buying a majority stake in the company, a deal that would value the business at an estimated $1.2 billion. Blakely celebrated the sale by purchasing two first-class tickets — to anywhere in the world...
BUSINESS
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TRENDING TOPICS

Spanx Just Launched Supremely Soft Loungewear That's Bound to Sell Out Soon

Products in this story are independently selected and featured editorially. If you make a purchase using these links we may earn commission. Spanx has become a fashion powerhouse for wardrobe essentials for women around the world, including countless celebrities. Oprah Winfrey loves the sleek black work trousers, Jennifer Garner once said she recommends the best-selling bra to her friends, and Chrissy Teigen made the leggings her at-home attire. Of course, tons of A-listers are fans of Spanx shapewear, too, like Padma Lakshmi, Katie Perry, and Karlie Kloss.
APPAREL

Spanx Spins Shapewear Into $1.2 Billion Lifestyle Empire

Spanx is cashing in on a massive wave of investment interest in fashion. This content is for Limited, SJ Promo- 40% off, Annual, SJ Promo 50% off, $2/ Week and $3 / Week members only. You can read up to five free articles each month with a Limited Level Subscription. Please visit the site and log in, or subscribe to read.
APPAREL

10 Hidden Gems in Spanx's Sale Section

We love these products, and we hope you do too. E! has affiliate relationships, so we may get a small share of the revenue from your purchases. Items are sold by the retailer, not E!. What else pairs well with Sunday brunch other than mimosas? Stretchy, flattering pants. Finding fashion-forward...
BEAUTY & FASHION

Everything to Know About Spanx’s Black Friday Sale—Including Fan-Favorites to Shop

Unless you live under a rock, you’ve probably heard of Spanx (but if you do, chances are the rock is heavy enough that you won’t need them anyway). However, while many associate the female-founded brand with women’s shapewear that sucks, tucks, and lifts in all the right places, they have so much more to offer. Besides earning praise from Oprah, sparking lively debates on TODAY with Hoda and Jenna, and even being featured as a question in Trivial Pursuit, this brand has an assemblage of lifelong fans, with 585k followers on Instagram alone. And Oprah isn’t the only celebrity fan singing Spanx’s praises—other devotees include First Lady Michelle Obama and A-listers like Reese Witherspoon and Katy Perry, to name a few. You can find Spanx online, but they also are available at department stores like Bloomingdale’s, Kohl’s, Macy’s, and Nordstrom, as well as their flagship locations all over the U.S. and around the world. Don’t have a Spanx store near you? The good news is you can snag free shipping on all orders from their website, and online purchases can be returned for free within 90 days.
SHOPPING
In Style

Spanx Just Restocked the Faux Suede Leggings That Sold Out Less Than a Month After Their Debut

Spanx is no stranger to sellouts. Its butt-lifting leggings sold out within 48 hours last year after garnering attention from A-listers like Kourtney Kardashian, Reese Witherspoon, and Jennifer Garner, so it's no surprise that another Spanx style has left an equally impressive mark. After selling out in less than a month after their launch, all four shades of the Faux Suede Leggings are back by popular demand.
APPAREL
cbs12.com

Spanx founder gifts employees $10,000, 2 plane tickets anywhere in the world

ATLANTA, Ga. (CNN Newsource) — The CEO and founder of Spanx is celebrating a billion-dollar deal with big surprises for her employees. Sara Blakely has given every one of her employees $10,000 and two first-class plane tickets to anywhere in the world. Blakely posted a video of her surprise on...
BUSINESS

Spanx Is Reportedly Shopping Itself For $1 Billion, But Forbes Estimates The Shapewear Firm Is Worth Far Less

Last Friday, The New York Times’ DealBook reported that shapewear company Spanx is exploring options for a sale that would value the firm at $1 billion or more, with private equity firms Carlyle and TPG named as potential interested parties. But Forbes estimates the value of Spanx is only a little more than half of any potential 10-figure deal, mostly because sales at the firm have been on a downward trajectory in the past half-decade.
MLB
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