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Spanx founder Sara Blakely rewards employees with $10k and 1st

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4.8 (649) In stock

Investment management company Blackstone had purchased a majority stake in Spanx last week, with the company reportedly valued at $1.2 billion. Blakely, 50, announced the news to employees.

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Spanx founder Sara Blakely speaks onstage during the Massachusetts News Photo - Getty Images