Buckhead-based Spanx sells to investment firm in deal that may make rags-to-riches founder a billionaire again - Buckhead

anx, the Buckhead-based women's clothing brand, will sell a majority stake to investment firm Blackstone in a deal that may restore founder and local resident Sara Blakely to billionaire status.

Spanx was created by Sara Blakely with just $US5000. A new Blackstone deal means it's now worth $US1.2 billion.

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