Date uploaded: 2021-10-27 17:02:04

Spanx founder Sara Blakely announced last week that she is gifting employees two first-class plane tickets and $10,000 to spend on their trip after the company announced a deal with private equity firm Blackstone. “This is a very big moment for each and every one of you,” Blakely appeared to tell employees in a video posted last week on Instagram. Employees in the video said they are going to Japan, Croatia, South Africa, Antarctica and other destinations. “I really want every employee to celebrate this moment in their own way and create a memory that will last them a lifetime,” Blakely shared in her caption on Instagram alongside the video. Blackstone is buying a majority stake in Spanx, with the deal valuing the shapewear brand at $1.2 billion, according to multiple reports. Blakely also confirmed last week on Instagram that she “will remain a significant shareholder and continue to help the business fulfill its greatest potential.”