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Blackstone Buys Majority Stake in Spanx, Valuing It at $1.2 Billion

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Blackstone Buys Majority Stake in Spanx, Valuing It at $1.2 Billion
The ticker and trading information for Blackstone Group is displayed on the floor of the New York Stock Exchange on April 4, 2016. Brendan McDermid/Reuters
Reuters
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Investment firm Blackstone Inc. would buy a majority stake in Spanx, valuing the shapewear maker at $1.2 billion, the companies said on Wednesday.

The deal will allow Spanx to further expand globally and help it strengthen its online business, they added.

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