Blackstone (BX) Buys Majority Stake in SPANX, Inc.
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Blackstone Buys Majority Stake in SPANX, Inc.
October 20, 2021 10:40 AM EDTCompanies align to help empower women globally The acquisition will accelerate SPANXs already rapid digital transformation and expansion of its global footprint across more categories Transaction led by all-female Blackstone investment team Blakely to become Executive Chairwoman of newly appointed board of directors
ATLANTA & NEW YORK--(BUSINESS WIRE)-- SPANX, Inc., the mission-driven womenswear brand founded by Sara Blakely in 2000, today announced a definitive agreement for a majority investment from funds managed by Blackstone (Blackstone), a leading global investment business. The firm has agreed to buy a majority stake in... More
