Spanx: Why people are still putting on shapewear, even men

A Spanx storefront is seen in Tysons Corner Center, Virginia. The company is now valued at $1.2 billion. Photo by Shutterstock

Spanx promises to smooth the lumps and bumps under your clothes to make you look thinner. Sara Blakely started the company with $5000 some 20 years ago, and now it’s valued at $1.2 billion. She announced on Tuesday that the investment firm Blackstone was buying a majority stake in Spanx. She celebrated by giving each of her staff members $10,000 and a pair of first-class plane tickets to anywhere in the world.

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Credits

Guest:

  • Rory Satran - fashion director and columnist, The Wall Street Journal