Blackstone news and archive

Blackstone to acquire majority stake in Supergoop

Blackstone Growth has announced a majority stake in sunscreen beauty brand Supergoop, which will be used to invest in innovation and marketing. Supergoop, founded by former teacher and skincare industry pioneer Holly Thaggard, has reported tremendous growth over the past five years and has become one of the first protective skincare brands that...

BusinessFeatured

Spanx sells majority stake to investment firm Blackstone

Spanx has sold a majority stake to private equity firm Blackstone in a deal that values the US shapewear brand at 1.2 billion dollars. The Atlanta, Georgia-headquartered company said the acquisition will help accelerate its digital transformation, expand its global footprint, and add new categories. Spanx founder Sara Blakely will retain “a...

Business

Crocs buying back 50 percent of Blackstone stake

Crocs Inc. plans on buying back and converting some of the preferred shares held by Blackstone Group LP in the latest sign that a multi-year turnaround effort has been working in the company's favor. The company will pay 183.7 million dollars for half the preferred stock Blackstone acquired as part of a 200 million dollar investment back in...