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

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

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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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Long-time Spanx devotees Oprah and Reese Witherspoon invest in $1.2 BILLION shapewear brand