Sara Blakely, the founder of Spanx company specializing in invisible underwear, celebrated her company’s valuation of $ 1.2 billion last week by sharing the profits with her employees. It distributed to all its employees (500 people) first class plane tickets and 10,000 dollars in bonuses.
On Thursday, CNN reported that investment management firm Blackstone had purchased a controlling stake in Spanx, with the company valued at $ 1.2 billion.
Sara Blakely, 50, in tears, announced the sale to her employees with a party, where she shocked the venue by announcing that she was giving everyone two first class Delta flights to anywhere in the world , plus an additional $ 10,000 cash bonus.
Blakely – who rose through the ranks to become a billionaire, watched his staff burst with joy at the news of the profits. The employees cheered her, applauded her and some even shed tears of joy.