Investment firm Blackstone to buy majority stake in Atlanta's Spanx, valuing the popular clothing startup founded by well-known entrepreneur and philanthropist Sara Blakely at more than $1 billion.
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Spanx, the shapewear brand, valued at $1.2 billion in Blackstone
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Atlanta-based Spanx sells majority stake to investment firm
Spanx Founder Sara Blakely Just Gave $10,000 to Her Employees--and
Sara Blakely surprised Spanx employees with plane tickets and cash
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People told Sara Blakely founding a business meant 'going to war