US EditionFootwear brand Skechers to be taken private in $9 billion deal
- On May 5, 2025, Skechers agreed to be acquired and delisted in a $9.4 billion transaction led by 3G Capital, with a purchase price of $63 per share.
- Skechers’ leadership gave full consent to the transaction despite facing difficulties related to U.S. Tariffs and the company’s recent decision to retract its annual forecast.
- Skechers will continue to be based in Manhattan Beach, California, and leadership will remain under Chairman and CEO Robert Greenberg along with his executive team after the acquisition.
- The $63 per share offer represents a 30% premium over Skechers’ 15-day volume-weighted average stock price, and shares rose more than 25% premarket after the announcement.
- The transaction is scheduled to finalize in Q3 of 2025 and will be funded through a combination of cash from 3G Capital and debt arranged by JPMorgan Chase, marking a major shift to private ownership.
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121 Articles
Skechers Deal Is Biggest-Ever Footwear Buyout
Skechers is set to be acquired by investment 3G Capital for around $9 billion and will become a private company. The board backed the deal unanimously, according to both firms. The $63-per-share offer is a 30% premium over the company's 15-day volume-weighted average stock price. After the transaction closes—which...
Skechers is being acquired for $9 billion and is going private.
By MATT OTT Footwear company Skechers is being acquired for more than $9 billion to be taken private by investment firm 3G Capital. The deal comes amid growing uncertainty about how U.S. President Donald Trump's tariffs will affect companies that manufacture their products abroad, particularly in China. Athletic shoe makers have invested heavily in production in Asia. The $63 per share offer represents a 30% premium to Skechers' 15-day volume-we…
Skechers Is Going Private in a Nearly $10 Billion Deal, the Footwear Industry's Biggest Ever. Here's What to Know.
Skechers agreed to be acquired by investment firm 3G Capital for $9.4 billion, marking the largest-ever deal in the footwear industry. Read more about Skechers, here.
Skechers shares jump 25% after striking $9.4B deal to go private
Skechers said Monday it had agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal, at a time when the footwear company grapples with the impact of steep US tariffs and erratic trade policy.
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