Oprah, Reese Witherspoon Invest in Spanx at $1.2 Billion Valuation

By A Mystery Man Writer

Oprah Winfrey and the actress Reese Witherspoon were among new investors in Spanx Inc. as the womenswear brand completed a majority sale to funds managed by Blackstone Inc.

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Oprah Winfrey, Reese Witherspoon invest in Spanx -- now valued at $1.2B

Oprah Winfrey and Reese Witherspoon invest in Spanx

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