Who Owns Spanx Now
Spanx founder Sara Blakely sold a majority stake in the company to Blackstone in July 2021. The deal valued Spanx at about $1.2 billion, according to reports. Blakely retained a meaningful ownership share and remained involved as a strategic partner.
Why Sara Blakely Sold Spanx
Blakely said she wanted to focus on philanthropy and new ventures while bringing in experienced capital. In interviews, she cited the desire for operational support and global growth resources that a large private equity firm could provide.
What the Sale Means for Spanx
Under Blackstone's ownership, Spanx continues to operate as a standalone brand. The company maintains its product lines and retail partnerships while expanding into new categories and international markets. Blackstone has focused on supporting existing management and scaling the business.
For more details on the transaction, see the Bloomberg report on Spanx ownership.
