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Honored Contributor
Posts: 38,064
Registered: ‎06-11-2011

SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

[ Edited ]

...She bought all of her employees 2 first class round trip tickets to anywhere in the world and gave them each $10,000 spending money as a bonus. Story is in the N.Y. Post. 10/25

 

Talk about a self-made billionaire! Good for her!

Honored Contributor
Posts: 15,219
Registered: ‎11-24-2013

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

I've seen her on Shark Tank at least once as an investor.

Honored Contributor
Posts: 43,225
Registered: ‎03-09-2010

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

i have not read the article yet, but WOW......someone must have made her an offer she could not refuse!

 

i wonder what her next venture or adventure will be?

 

very nice of her to give her employees a bonus!

********************************************
"The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing." - Albert Einstein
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Posts: 2,170
Registered: ‎05-30-2012

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

During one of her QVC appearances many years ago she told the story how she started her company with money she borrowed from her grandmother.........

Honored Contributor
Posts: 11,273
Registered: ‎06-19-2010

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

I bought one pair of those things and realized that I wasn't into torturing myself for the sake of vanity.  And I had went up a size, too!

“You can’t wait until life isn’t hard anymore to be happy”. (By Nightbirde, singer of the song, It’s Ok)
Honored Contributor
Posts: 78,302
Registered: ‎03-10-2010

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

Sarah had a VERY nice payday.  Nice to know she remembered her hard-working, loyal employees. 

New Mexico☀️Land Of Enchantment
Respected Contributor
Posts: 4,773
Registered: ‎10-05-2010

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

And I was cutting the feet off my pantyhose when I was 12 years old so I could be smooth under my  pants. If only, right?

Honored Contributor
Posts: 47,133
Registered: ‎08-23-2010

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

 

Good for her .....  and now i wonder what she plans to do next ... with all that money and all that time on her hands  ...  it will be interesting to see where she goes from here  ....

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Posts: 3,193
Registered: ‎05-02-2017

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

 

 

I have never bought or worn SPANX.  

 

Daily sit-ups, leg lifts, and touching toes will serve the same purpose, but with longer lasting results.

 

I am happy that she has become so rich, but what does this say about her customers' perceptions of their bodies?

 

Glad her employees received a bonus--will they still have jobs under the new owners?

Honored Contributor
Posts: 38,064
Registered: ‎06-11-2011

Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

I'm sure Spanx being one of Oprah's favorite things didn't hurt Sarah in her early days of money-making.