Spanx founder Sara Blakely sells majority stake in company to Blackstone

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  • Sara Blakely
    Sara Blakely
    American businesswoman (1971-)
  • Gayle King
    Gayle King
    American broadcaster

Spanx founder Sara Blakely announced Wednesday that global investment firm Blackstone agreed to buy a majority stake in the pioneering shapewear company. Blakely, who has always owned 100% of the business she founded 21 years ago, joins "CBS Mornings" to discuss why now was the right time to sell and what her new role will be as executive chairwoman.

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