Spanx promises to smooth the lumps and bumps under your clothes to make you look thinner. Sara Blakely started the company with $5000 some 20 years ago, and now it’s valued at $1.2 billion. She announced on Tuesday that the investment firm Blackstone was buying a majority stake in Spanx. She celebrated by giving each of her staff members $10,000 and a pair of first-class plane tickets to anywhere in the world.
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