Last week, CNN reported that investment management company Blackstone had purchased a majority stake in Spanx, valuing it at a whopping $1.2 billion.
Sara Blakely, the shapewear brand’s founder and CEO, surprised her staff with two first-class tickets each to anywhere in the world during a party celebrating the deal. She is also giving employees $10,000 each to spend on their trips.
Blakely posted a video on social media of the joyous moment when she announced the gifts, and the employees were so dumbfounded by the news, some of them cried, while others were slack-jawed.
Sara Blakely began Spanx as a side business while selling fax machines door-to-door in her late 20s
Image credits: sarablakely
Two decades later, the company is celebrating Blackstone buying a majority stake
The deal valued Spanx at $1.2 billion
Blakely announced the sale to her employees with a party
She also told the staff that each person would get two first-class plane tickets to anywhere in the world, plus $10,000 spending money
The employees were screaming, cheering, and crying
Several shared plans to go to Croatia, South Africa, and Bora Bora
“Never underestimate what you can do if you truly care the most,” told her Instagram followers
People were really happy for everyone at Spanx
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