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8h ago

Skechers to Be Taken Private in $9.42 Billion Deal with 3G Capital

The footwear giant's sale, at a 28% premium, marks the industry's largest buyout and secures leadership continuity under founder Robert Greenberg.

The outside of a Skechers shoe store is seen at Times Square in New York May 2, 2014. REUTERS/Shannon Stapleton/File Photo
FILE - A Skechers sign is shown in San Francisco, March 17, 2024. (AP Photo/Jeff Chiu, file)
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Overview

  • 3G Capital will acquire Skechers for $63 per share, valuing the company at $9.42 billion in the largest buyout in footwear industry history.
  • The deal, unanimously approved by Skechers' board, is expected to close in Q3 2025, with financing from 3G's cash and JPMorgan-backed debt.
  • Skechers will delist from the New York Stock Exchange and continue operating under its current leadership team, including CEO Robert Greenberg.
  • The company recently faced tariff-related challenges, withdrawing its full-year guidance after President Trump's 145% import tax on Chinese goods increased costs.
  • Despite macroeconomic pressures, Skechers posted record Q1 2025 sales of $2.41 billion and remains the world’s third-largest footwear brand.