As Waistbands Return, Blackstone Buys a Majority Stake in Spanx

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Many have tried to predict what post-pandemic fashion will look like.

Noted fashion connoisseurs Blackstone Group are betting that "nap dresses" will soon be discarded in favor of form-fitting looks. Today the company bought a majority stake in Spanx, the brand that pioneered stretchy, compressive lingerie known as "shapewear," for $1.2 billion.

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Source Fool.com