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

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