US EditionFootwear brand Skechers to be taken private in $9 billion deal
- On Monday, 3G Capital announced it will acquire Skechers, a Southern California shoe company, in a $9.4 billion deal to take it private.
- The acquisition follows growing uncertainty from escalating U.S. Tariffs on imported goods, especially a 125% duty on Chinese products affecting Skechers’ overseas manufacturing.
- Skechers operates about 5,300 stores worldwide, sources nearly all shoes overseas with 40% made in China, and recently withdrew financial guidance due to tariff uncertainties.
- 3G Capital plans to pay $63 per share, a 30% premium over Skechers’ 15-day volume-weighted average price, and the unanimous board-approved deal expects closure in Q3 2025.
- Skechers will remain led by CEO Robert Greenberg, and the deal aims to help the company address tariff challenges and maintain global competitiveness amid trade tensions.
203 Articles
203 Articles
Breaking Down 3G’s $9B Deal to Buy Skechers
The trade war was expected to stop dealmaking in its tracks — with many bankers and would-be buyers saying it was just impossible to price a company given all the sudden economic uncertainty. Nobody told 3G Capital, which agreed to buy Skechers in a $9 billion deal that ranks as the largest footwear acquisition in memory. [To listen to the episode, CLICK HERE.] In this episode of “From the Newsroom,” Footwear News senior editor Stephen Garn…
Skechers announces its going private after being acquired by 3G Capital
(CNN, KYMA/KECY) - Skechers is getting out of the public market and going private amid President Donald Trump's trade war. The footwear company announced Monday that investment firm 3G Capital will pay more than $9 billion for the brand. This comes out to $63-a-share, a 30% premium of the company's stock. Southern California-based Skechers is the world's third largest shoe company. It and other footwear brands are vulnerable to the Trump Adminis…
Gymnastics Man Robert Greenberg: From Flop with L.A. Gear to Success with Skechers
There may be cooler shoes than skechers. But thanks to the focus on a broad audience, the founder has made the company a success story. Now he sells the third largest shoe brand in the world at a critical moment.
Skechers to go private in over $9-billion deal with 3G Capital
The shoe company Skechers is being acquired for more than $9 billion to be taken private by the investment firm by 3G Capital.The deal comes amid growing uncertainty over how U.S. President Donald Trump’s tariffs on foreign goods will affect companies who make their products overseas, particularly in China. Athletic shoe makers have invested heavily in production in Asia.The offer of $63 per share represents a premium of 30 percent to Skechers’ …
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