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Reuters
Published
Jun 28, 2021
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Spanx taps Goldman Sachs to explore options including sale

By
Reuters
Published
Jun 28, 2021

​Shapewear maker Spanx has tapped Goldman Sachs to explore options including a sale, New York Times’ DealBook newsletter reported on Friday, citing multiple sources familiar with the matter.


Spanx made between $50 million and $80 million in operating earnings on revenue of $300 million to $400 million over the past year - Spanx


The report said Spanx has attracted interest from private equity firms, including Carlyle, and that any deal could value it at $1 billion or more. It also said Spanx’s founder Sara Blakely could retain some ownership in the company.

Spanx did not immediately respond to a Reuters request for comment.

Rival Skims, by reality star and businesswoman Kim Kardashian West, said earlier this year it had raised $154 million in its latest funding round to reach a $1.6 billion valuation.

Demand for apparel has rebounded in recent weeks as the United States returns to relative normalcy on the back of speedy COVID-19 vaccinations and easing of restrictions.

Spanx made between $50 million and $80 million in operating earnings on revenue of $300 million to $400 million over the past year, the NYT report said.

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