Spanx founder Sara Blakely sells majority stake in company to Blackstone - CBS News

By A Mystery Man Writer

Spanx founder Sara Blakely announced Wednesday that global investment firm Blackstone agreed to buy a majority stake in the pioneering shapewear company. Blakely, who has always owned 100% of the business she founded 21 years ago, joins "CBS Mornings" to discuss why now was the right time to sell and what her new role will be as executive chairwoman.
Spanx founder Sara Blakely announced Wednesday that global investment firm Blackstone agreed to buy a majority stake in the pioneering shapewear company. Blakely, who has always owned 100% of the business she founded 21 years ago, joins CBS Mornings to discuss why now was the right time to sell and what her new role will be as executive chairwoman.

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Spanx founder Sara Blakely sells majority stake in company to Blackstone

Spanx sells majority stake to investment firm Blackstone

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