Spanx

🚨 Spanx Boycott Reasons

Spanx, Inc. is a shapewear and apparel brand founded in 2000 by Sara Blakely, headquartered in Atlanta, Georgia, USA. In October 2021, the company was acquired by funds managed by Blackstone Growth (BXG) and Blackstone Tactical Opportunities. Blackstone purchased a majority stake in Spanx at a valuation of $1.2 billion. Sara Blakely maintained a significant equity stake and became Executive Chairwoman. Blackstone is the world's largest alternative asset manager, managing over $1.2 trillion in assets. Blackstone's co-founder and CEO, Stephen Schwarzman, is known for his significant financial support for israel. Blackstone opened a Tel Aviv office in April 2021 and began investing in israeli tech companies. The chairman of Blackstone israel is Dan Gillerman, former israeli ambassador to the UN. In December 2025, Blackstone formed a $5 billion strategic partnership with Phoenix Financial, israel's largest asset manager. Spanx products are sold in israel (Next israel, Desertcart).

Key Boycott Drivers:

1. Contract Manufacturing with Delta Galil: Spanx sources a significant portion of its manufacturing through Delta Galil Vietnam Ltd. Co., the Vietnamese subsidiary of israeli textile giant Delta Galil. According to import records, Delta Galil Vietnam has made over 1,074 shipments to Spanx (as of July 2026). Delta Galil is an israel-based company with a logistics centre in the Barkan industrial zone (illegal settlement). Spanx is listed among Delta Galil's global customer portfolio alongside brands such as Calvin Klein, Victoria's Secret, and Wacoal. This supply relationship demonstrates Spanx's direct commercial ties with an israel-based textile giant.ImportInfo: Spanx — Delta Galil Vietnam 1,074 shipments (July 2026)WWD: Delta Galil — Spanx in customer portfolio (2025)
2. Blackstone's Majority Ownership and Financial Support for israel: Spanx was acquired by Blackstone Growth (BXG) and Blackstone Tactical Opportunities in October 2021. Blackstone is the world's largest alternative asset manager, managing over $1.2 trillion in assets. Blackstone CEO Stephen Schwarzman donated $10 million to israel's National Library in 2018. In October 2023, Blackstone pledged approximately $7 million in aid to israel: $3 million from the Blackstone Charitable Foundation, $1 million each personally from Schwarzman and President Jonathan Gray, and approximately $2 million from senior partners. The donation was directed to Magen David Adom, United Hatzalah, and UJA-Federation of New York. These donations directly contribute to israel's military and civilian infrastructure.Nasdaq: Blackstone to Acquire Majority Stake in SPANX at $1.2 Bln Valuation (October 2021)eJewishPhilanthropy: Blackstone pledges $7M in aid to israel (October 2023)JTA: Schwarzman donates $10 million to israel's National Library (February 2018)
3. Blackstone's Direct Presence and Investments in israel: Blackstone opened a Tel Aviv office in April 2021. The office manages Blackstone's technology and growth investments in israel under Blackstone Growth (BXG). The office is headed by Yifat Oron, former CEO of LeumiTech. The chairman of Blackstone israel is Dan Gillerman, former israeli ambassador to the UN, who has served as a senior adviser to Blackstone since 2013. In December 2025, Blackstone formed a strategic partnership with Phoenix Financial, israel's largest asset manager ($180 billion AUM); Phoenix will invest up to $5 billion in Blackstone's credit strategies. Blackstone has also acquired a majority stake in israeli company Priority Software.Times of israel: Blackstone sets up israel office (April 2021)Nasdaq: Blackstone and Phoenix Financial Announce Partnership (December 2025)
4. Spanx's Presence in the israeli Market: Spanx products are sold on israeli retail platforms (Next israel, Desertcart). Spanx operates in over 50 countries globally, and israel is one of them. This demonstrates the brand's commercial presence in the israeli market and Blackstone's contribution to the israeli economy.Next israel: Spanx ProductsDesertcart israel: Spanx Products

🌐 Sources

• Blackstone: Blackstone Buys Majority Stake in SPANX, Inc. (October 2021)
• Forbes: Sara Blakely — Blackstone $1.2 billion valuation (2026)
• Nasdaq: Blackstone to Acquire Majority Stake in SPANX (October 2021)
• Times of israel: Blackstone sets up israel office (April 2021)
• eJewishPhilanthropy: Blackstone pledges $7M to israel (October 2023)
• Nasdaq: Blackstone and Phoenix Financial Partnership (December 2025)