Oprah Winfrey and Reese Witherspoon Invest in Spanx
It’s the latest investment deal for the celebrities, whose financial backing is valued as a stamp of approval for consumer brands.
It’s the latest investment deal for the celebrities, whose financial backing is valued as a stamp of approval for consumer brands.
A deal could value the company at $1 billion or more and allow Sara Blakely, the brand’s founder, to keep some of her ownership in the company.
