NewsNational News

Actions

Spanx founder awards employees with $10,000, 2 plane tickets

SpanxCEOgivesEmployeesSurprise.mp4
Olivia Newton John Auction
Posted
and last updated

Spanx employees were treated to a surprise by its CEO and founder after the company signed a $1 billion deal with an investment company.

After the shapewear company scored a deal with Blackstone, Sara Blakely awarded her employees with $10,000 and two first-class Delta Airline tickets to anywhere in the world.

Blakely posted a video of the surprise to her Facebook on Tuesday.

"I really want every employee to celebrate this moment in their own way and create a memory that will last them a lifetime!" Blakely said.

According to a press release, Spanx is worth $1.2 billion after Blackston bought a majority stake in the brand.

In 2000, Blakely founded Spanx by taking $5,000 out of her savings, using no outside investments, wrote her own patent, and invented the first SPANX undergarment in her apartment.

Sign up for the Headline Newsletter and receive up to date information.