Blackstone acquires majority stake in SPANX
Blackstone has acquired a majority stake in SPANX, Inc, a ‘mission-driven’ womenswear brand founded by Sara Blakely in 2000, at a valuation of USD1.2 billion – with Blakely maintaining a significant equity stake in the business. Blakely, along with SPANX’s existing senior management team, will continue to oversee daily operations,
