At the red carpet premiere of her latest film Alexander and the Terrible, Horrible, No Good, Very Bay Day, actress Jennifer Garner accidentally exposed the slimming Spanx she wore under her little black dress by Valentino. While standing on the red carpet with co-star Steve Carrell, a small gust of wind caused the bottom of her dress to flap up and cameras caught the reveal. (Oh so Marilyn Monroe.) While it was an embarrassing moment for the 42-year-old mother of three -- even though the shapely actress doesn’t appear to need the “bodysuit shapewear” – the exposure rekindled speculation on Wall Street about a possible Spanx IPO.
Spanx, the billion-dollar shapewear brand created by Sara Blakely, is said to make $300 million in revenues annually. Blakely stepped down as CEO in 2002; she hired Coca-Cola exec Laure-Ann Goldman to run the business. But Goldman left in February. Rumor has it Blakely and Goldman disagreed about a timeline for an IPO. Jan Singer, former Head of Apparel at Nike, took over as Spanx CEO in July 2014. If investors need more incentive to buy into the Spanx brand, they consider this: Blakely told Fortune her dream is to create the world’s most comfortable high-heel shoe. No doubt loyal customers of Spanx, including celebrities, like Garner will likely slip on a pair of Spanx shoes.
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