Blackstone takes controlling stake in Spanx, founder Blakely to stay at helm

News business : ​Spanx, the “mission-driven” women’s shapewear brand founded by Sara Blakely in 2000, has announced a "definitive agreement for a majority investment from funds managed by Blackstone”. (#1345983)

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Blackstone buys majority stake in Spanx, valuing it at $1.2 bln

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