Spanx - Fashion Company Profile
Spanx is Sara Blakely's Atlanta shapewear company - launched in 2000 with $5,000 and a pair of footless pantyhose, and majority-owned by Blackstone funds since 2021 at a $1.2 billion valuation.
Company Snapshot
- Status
- Operating - the Atlanta shapewear and apparel brand founded by Sara Blakely, selling worldwide
- Type
- Private - funds managed by Blackstone acquired a majority stake in November 2021 at a $1.2 billion valuation; Sara Blakely retains a significant stake and is Executive Chairwoman
- Headquarters
- Atlanta, Georgia, United States
- Founded
- 2000, in Atlanta, Georgia, by Sara Blakely
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Company Profile
Spanx's current shapewear, leggings and apparel are on its website, linked above, and the shop box covers Spanx products sold through Amazon and eBay. The filing this profile keeps is short and complete: the party that started it, the scissors, the Forbes and TIME honors of March 2012, and the brand's growth from shaping briefs into bras, underwear, leggings and activewear. The Blackstone majority purchase that closed on November 18, 2021 is the one fact the filing predates - it is recorded in the snapshot above.
In March 2012 Forbes named Blakely the world's youngest self-made female billionaire, and TIME named her one of its 100 most influential people. In 2021 funds managed by Blackstone acquired a majority stake in SPANX at a $1.2 billion valuation, in a deal that closed on November 18, 2021; Blakely retained a significant stake and became the company's Executive Chairwoman. The brand that began as one altered pair of pantyhose remains headquartered in Atlanta and sells worldwide.
Common Questions
Who founded Spanx, and how?
Sara Blakely, in Atlanta in 2000. The idea came when she cut the feet off her control-top pantyhose to get a smooth look under white pants; she launched the company with $5,000 from selling fax machines.
Who owns Spanx now?
Funds managed by Blackstone acquired a majority stake in a deal that closed November 18, 2021, valuing the company at $1.2 billion. Sara Blakely kept a significant stake and serves as Executive Chairwoman.
What does Spanx make?
Shapewear and foundation garments - shaping briefs, leggings, pantyhose, bras, underwear and activewear, mainly for women, with men's underwear as well.
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