YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Shapewear company Spanx has been valued at $1.2 billion after penning a deal with Blackstone.
The private equity firm is taking a majority stake in the brand.
"This is a really important moment in time for female entrepreneurs," said Spanx founder Sara Blakely, who will keep a "significant" equity stake in the business and become its executive chair.
Read more from CNN Business.
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