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08.11 - 14:17
BlackStone acquires majority stake in shapewear firm Spanx
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fnlondon.comBlackstone is buying a majority stake in Spanx, becoming the first outsider to put money into a company that revolutionised women's shapewear.
The deal values Spanx at $1.2bn, the companies said. Spanx founder Sara Blakely will maintain a significant stake in the company and will continue to oversee operations. She will become the company's executive chairwoman when the deal closes.
Blakely,...
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