Shapewear brand Spanx reportedly exploring a sale
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US underwear brand Spanx could reportedly be put on the block.
The shapewear pioneer has tapped Goldman Sachs to explore options for the company which could include a sale, The New York Times’ DealBook reports, citing multiple sources familiar with the matter.
The Atlanta, Georgia-headquartered company has attracted interest from private equity firms including Carlyle, according to the report, which said the value of the sale could be in excess of 1 billion dollars.
It’s understood Spanx founder Sara Blakely could retain some ownership in the company.
Spanx generated between 300 million dollars and 400 million dollars in revenue over the past year and between 50 million dollars and 80 million dollars in operating earnings, according to The New York Times.