Sara Blakely

Who Is Sara Blakely? Sara Blakely — born February 1971 — is an American businesswoman and philanthropist. Despite having no experience in fashion, retail, or business leadership, Sara Blakely founded the now famed shapewear company Spanx…

On Wednesday, Blackstone announced that it has agreed to buy a majority stake in Spanx. The deal between Spanx and Blackstone values the company at $1.2 billion, with Blakely set to retain a “significant equity stake” according to…