ALL NEWS

Spanx employees given $10,000 and two first-class plane tickets

Oct 27, 2021, 7:09 AM
The chief executive and founder of shapewear company Spanx, Sara Blakely, has surprised employees w...
The chief executive and founder of shapewear company Spanx, Sara Blakely, has surprised employees with two first-class plane tickets and $10,000 each to celebrate the company's $1.2 billion deal with Blackstone. Mandatory Credit: Sara Blakely/Instagram

 

    (CNN) — The chief executive and founder of shapewear company Spanx has surprised employees with two first-class plane tickets and $10,000 each to celebrate the company’s $1.2 billion deal with Blackstone.

Spanx founder Sara Blakely surprised employees with the news, she revealed in a post on her verified Instagram account Friday.

In the video, Blakely spun a globe, before revealing that she had bought each of her employees two first-class plane tickets to anywhere in the world.

She added: “If you go on a trip you might want to go out to a really nice dinner, you might want to go out to a really nice hotel, and so with everybody’s two first-class tickets to anywhere in the world, you are each getting $10,000.”

The video includes employees’ jubilant and shocked reactions.

“I really want every employee to celebrate this moment in their own way and create a memory that will last them a lifetime! Cheers to 21 years of magic and many more to come,” she wrote on Instagram.

Blakely also pointed out that although 50% of entrepreneurs are women, only 2.3% of venture capital funding goes to women.

In her toast, she paid tribute to “the women that came before me, and all of the women in the world who have not had this opportunity.”

Blakely has said that when she founded Spanx in 2000, she did so with $5,000 in savings.

Last week, private equity firm Blackstone said it would take a majority stake in the brand. Financial terms were not disclosed, but the firms noted the eight-figure valuation in a news release.

Shapewear is often worn as a figure-hugging undergarment that smooths, slims or otherwise alters body shape. The global compression and shapewear market is expected to reach $7 billion by 2030, according to Allied Market Research.

The-CNN-Wire
™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.

We want to hear from you.

Have a story idea or tip? Send it to the KSL NewsRadio team here.

Today’s Top Stories

All News

artificial intelligence banjo...
Curt Gresseth

ChatGPT: Plagiarism super-tool for students or AI brainstorming generator?

Will the future of AI be the interactive chatbot ChatGPT helping cheaters ace exams and tests or a new tool to assist all students in learning?
19 hours ago
FrontRunner...
Elizabeth Weiler

UTA board looks at FrontRunner expansion in Utah County

Utah County is the fastest growing county in the state so UTA is considering a number of expansions to their current FrontRunner and bus lines. 
19 hours ago
Lehi City officials have closed a portion of westbound 1500 North to repair a large sinkhole. On it...
Simone Seikaly

Large sinkhole shuts down portion of westbound 1500 North in Lehi

Lehi City officials said the sinkhole formed on 1500 North due to a water leak.
19 hours ago
The Utah House has advanced the bill that bans transgender-related surgeries on minors and pauses t...
Lindsay Aerts

Utah House votes to pass transgender-related surgery ban

The Utah House has advanced the bill that bans transgender-related surgeries on minors and pauses the treatment of hormone blockers.
19 hours ago
Five former Memphis police officers who were fired for their actions during the arrest of Tyre Nich...
Eric Levenson, Melissa Alonso and Chris Boyette, CNN

Five former Memphis police officers indicted on charges of murder

The former officers were each charged with second-degree murder and aggravated assault among other charges.
19 hours ago
Shots were reportedly fired in the parking lot of Taylorsville High School on Thursday afternoon, l...
Simone Seikaly

Suspects in custody, lockdown lifted after shots fired at Taylorsville High

Shots were reportedly fired in the parking lot of Taylorsville High School on Thursday afternoon, leading to lockdown and lockout procedures.
19 hours ago

Sponsored Articles

Kid holding a cisco fish at winterfest...
Bear Lake Convention and Visitors Bureau

Get Ready for Fun at the 2023 Bear Lake Monster Winterfest

The Bear Lake Monster Winterfest is an annual weekend event jam-packed full of fun activities the whole family can enjoy. This year the event will be held from January 27-29 at the Utah Bear Lake State Park Marina and Sunrise Resort and Event Center in Garden City, Utah. 
happy friends with sparklers at christmas dinner...
Macey's

15 Easy Christmas Dinner Ideas

We’ve scoured the web for you and narrowed down a few of our favorite Christmas dinner ideas to make your planning easy. Choose from the dishes we’ve highlighted to plan your meal or start brainstorming your own meal plan a couple of weeks before to make sure you have time to shop and prepare.
Spicy Homemade Loaded Taters Tots...
Macey's

5 Game Day Snacks for the Whole Family (with recipes!)

Try these game day snacks to make watching football at home with your family feel like a special occasion. 
Happy joyful smiling casual satisfied woman learning and communicates in sign language online using...
Sorenson

The Best Tools for Deaf and Hard-of-Hearing Workplace Success

Here are some of the best resources to make your workplace work better for Deaf and hard-of-hearing employees.
Team supporters celebrating at a tailgate party...
Macey's

8 Delicious Tailgate Foods That Require Zero Prep Work

In a hurry? These 8 tailgate foods take zero prep work, so you can fuel up and get back to what matters most: getting hyped for your favorite
christmas decorations candles in glass jars with fir on a old wooden table...
Western Nut Company

12 Mason Jar Gift Ideas for the 12 Days of Christmas [with recipes!]

There are so many clever mason jar gift ideas to give something thoughtful to your neighbors or friends. Read our 12 ideas to make your own!
Spanx employees given $10,000 and two first-class plane tickets