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

[ Edited ]

@Tinkrbl44 wrote:

@Desertdi wrote:

According to Wiki, Spanx has 750 employees.   So........she is NOT really putting out a HUGE bonus in today's economy.   


@Desertdi 

 

You are correct ..... with an average price of $5,000 per airline ticket and $10k spending money, that is probably about $20k per employee .... not outrageous for a "parting gift", whether they stay in the job or not.

 

Does anyone know who bought the Spanx Company from Blakely?   


@Tinkrbl44  it's in the NY Post article who bought it. Look it up.

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

@Tinkrbl44 Absolutely! Yes. They'd rather have cash.

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

@Pearlee PR concerns do not end when you sell a company. If anything, they might become even more critical.

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

@Goldengate8361, I believe there was a purpose to the airline tickets rather than cash. She wanted to provide them the means of having an experience, something to actually remember, and money to help enrich that experience. 

I think it was an extremely generous gesture, not something she needed to do, and feel there should be no negative connotations attached.

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

[ Edited ]

@Etoile308 wrote:

@Goldengate8361, I believe there was a purpose to the airline tickets rather than cash. She wanted to provide them the means of having an experience, something to actually remember, and money to help enrich that experience. 

I think it was an extremely generous gesture, not something she needed to do, and feel there should be no negative connotations attached.


@Etoile308  I agree 100%.  People in these forums can put a negative spin on everything, even something joyous. How sad.

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

I feel like Spanx are used mainly for cellulite and not overweight people.

 

It's really strange, but so many people have cellulite today that didn't back when I was younger.

 

Has anyone else noticed this?

 

Even young girls with no extra weight on their bodies have cellulite.

 

You would see obese people with cellulite, but sometimes even those people didn't have it with all the extra weight.

 

It's weird.  Has anyone ever noticed that?

 

Underalls were popular when I was in my 20's, but they were for pantylines (undies) not showing.  Not cellulite.

 

Sarah herself was slim, but used to talk about lumps and bumps.

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


@Lucky Charm wrote:

I feel like Spanx are used mainly for cellulite and not overweight people.

 

It's really strange, but so many people have cellulite today that didn't back when I was younger.

 

Has anyone else noticed this?

 

Even young girls with no extra weight on their bodies have cellulite.

 

You would see obese people with cellulite, but sometimes even those people didn't have it with all the extra weight.

 

It's weird.  Has anyone ever noticed that?

 

Underalls were popular when I was in my 20's, but they were for pantylines (undies) not showing.  Not cellulite.

 

Sarah herself was slim, but used to talk about lumps and bumps.


@Lucky Charm  It is also used a lot for smoothing so bra straps and  backs and bottom ridge of bras don't show, so pantylines don't show, etc. I think it is used for lots of things besides cellulite.

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

[ Edited ]

@Tinkrbl44    Spanx was acquired by Blackstone (a global investment company).    

 

I was not questioning Blakeley's "generosity"........just mentioning that it was NOT such an  "extraordinary" amount,  considering the value of the company.  Some of the posters were trying to put "words in my mouth", which wasn't my point.   I also think people don't realize that the recipients have to pay TAX on that (!)   di

♥Surface of the Sun♥
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Re: SARAH BLAKELY SELLS SPANX FOR $1.2 BILLION AND...

Not a fan of Blackstone, but my first thought was that her new competitor had bought her out to eliminate competition.

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


@sann wrote:

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.........


Yes, she said she went to North Carolina and called upon hosiery mills there to invest in her product and to help to get it manufactured.