Employees of the lingerie manufacturer will receive a solid bonus

Corset lingerie manufacturer Spanx has an estimated net worth of $ 1.2 billion.

And to mark the occasion, CEO Seira Blakely decided to give each of its 500 employees a $ 10,000 bonus and two first-class plane tickets to anywhere in the world. In 2000, Blakely opened her own company with only $ 5,000 invested in it. She recalls that when she said that she hoped to bring the capitalization of her company to $ 20 million, she was laughed at. “To stand here today in front of you and talk about what we managed to create, what we managed to do for women, then, 21 years ago, I thought, ‘Okay, let’s try and see what happens,” Blakely said at the meeting with employees of the company where she announced her decision.

This high valuation of the company’s market value is the result of the acquisition of its controlling stake by the $ 649 billion investment firm Blackstone (as of the first quarter of 2021).

Published in the newspaper “Moskovsky Komsomolets” No. 0 dated November 30 -0001

Newspaper headline:
A pleasant surprise



Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick