After investment company Blackstone bought a majority stake in SpanX, the value of the fashion brand was estimated at 1.2 billion dollars.
Last week, 50-year-old owner and founder Sara Blakely thanked her employees for their efforts over the decades at a party. Blakely founded SpanX 21 years ago with 5000 dollars (4300 euros) in savings. One day, the company would be worth $20 million, she predicted. People laughed at her.
“Standing here today and reflecting on what we’ve been able to create by being authentic, friendly and delivering great products in a very masculine corporate space marks a significant moment for female entrepreneurs,” Blakely said in a speech that also appeared on Instagram:
Destination of your choice
She turned a globe and then told that she has bought two first-class tickets for all her employees to an infection of their choice. “When you travel, you want to have a nice dinner and stay in a nice hotel, so you all get $10,000,” Blakely added.
“This is a big moment for all of you,” Blakely said. “I want to toast to the women who came before and all the women in the world who didn’t have this chance.”