By A Mystery Man Writer
anx, the Buckhead-based women's clothing brand, will sell a majority stake to investment firm Blackstone in a deal that may restore founder and local resident Sara Blakely to billionaire status.
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Blackstone takes controlling stake in Spanx, founder Blakely to stay at helm
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Blackstone buys majority stake in Buckhead-based Spanx - Rough Draft Atlanta
Spanx was created by Sara Blakely with just $US5000. A new Blackstone deal means it's now worth $US1.2 billion.
Spanx Is Reportedly Shopping Itself For $1 Billion, But Forbes Estimates The Shapewear Firm Is Worth Far Less
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Spanx founder Sara Blakely sells majority stake in company to Blackstone
Atlanta billionaire to donate $5 million to female business owners - Atlanta Business Chronicle
Atlanta's Sara Blakely sells majority of Spanx to investment firm
Atlanta-based Spanx sells majority stake to investment firm Blackstone - Atlanta Business Chronicle