May 19, 2022

Sara Blakely, CEO of Spanx, recently celebrated a significant milestone for herself, her company, and female entrepreneurs worldwide when asset management firm Blackstone acquired a majority share in the shapewear company for $1.2 billion. Now, the Spanx founder is expressing his gratitude to those who contributed significantly to its success.

Blakely stated last week in an Instagram video that she will award all of her staff $10,000 and two first-class airline tickets to anyplace in the globe.

“I really want every employee to celebrate this moment in their own way and create a memory that will last them a lifetime,” she wrote in the caption, adding, “Cheers to 21 years of magic and many more to come….”

In a video clip, the CEO delivers an empowering and passionate address to her employees, reflecting on how she founded the firm and the lofty goals she set for it.

“On the whiteboard in my room, I wrote a goal down. I said, ‘This company will one day be worth $20 million.’ Everybody laughed at me… And so, to stand here today and think about what we’ve been able to create and what we’ve been able to do by being authentic and kind and [delivering] amazing products to women,” Blakely said. “To use very feminine principles in a very masculine space, which is business, leading with intuition and vulnerability…I think it’s a really big moment in time for women.”

Blakely continued by toasting the ladies who helped pave her way, including her mother and grandmothers, before announcing the incentives.

“My life motto is the more you experience in life, the more you have to offer others,” the entrepreneur captioned the video.

Several colleagues, who appeared stunned, burst into tears upon hearing the news, while others discussed their travel plans.

“I’m gonna go on my honeymoon with my fiancé, and we’re going to Bora Bora!” one lady exclaimed. “I’m going to South Africa,” a second woman exclaimed excitedly.

Blakely shared a photo of herself signing paperwork to conclude the Blackstone sale last week, including a lengthy caption detailing the history of Spanx and her motivation for selling the company’s majority stake.