Atlanta's Sara Blakely sells majority of Spanx to investment firm

Investment firm Blackstone to buy majority stake in Atlanta's Spanx, valuing the popular clothing startup founded by well-known entrepreneur and philanthropist Sara Blakely at more than $1 billion.

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Atlanta's Sara Blakely sells majority of Spanx to investment firm

Spanx to Sell Majority Stake to Blackstone (BX) in $1.2 Billion

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