Numerical

Blackstone

$1.2 billion

Valuation of Spanx, one of America's most prominent shapewear companies, after inking a deal with Blackstone. The private equity firm will take a majority stake in the brand, the two companies announced on 27 Oct 2021. Neither company disclosed how much Blackstone paid for its stake. Spanx founder Sara Blakely, who will keep a "significant" equity stake in the business and become its executive chairwoman.

Last Modified: 01-Nov-2021 1:16 PM

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Posted by Numerical Team in Business & Industry

Tags Acquisitions Spanx Blackstone

Source CNN