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Spanx Spins Shapewear Into $1.2 Billion Lifestyle Empire

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Spanx is cashing in on a massive wave of investment interest in fashion. On Thursday, founder Sara Blakely said Blackstone’s majority stake in the now $1.2 billion shapewear empire she birthed more than two decades ago with $5,000 in savings marks a “really important moment in time for female entrepreneurs.” “I started this company with…

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