From CNBC: 2025-05-05 11:44:00

Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company. The deal represents a 30% premium to Skechers’ current valuation on the public markets, causing shares to soar over 25%. Skechers CEO Robert Greenberg is optimistic about the partnership, citing 3G Capital’s history of success with global consumer businesses.
The acquisition comes amidst a challenging time for the retail and footwear industry, with President Donald Trump’s trade war impacting overseas supply chains and discretionary spending. Skechers recently signed a letter requesting an exemption from Trump’s tariffs and withdrew its 2025 guidance due to macroeconomic uncertainty. While tariffs pose short-term uncertainty, 3G Capital sees long-term growth potential in Skechers’ business.
Despite potential tariff impacts, Skechers remains the third-largest footwear company globally, behind Nike and Adidas. Greenberg will stay on as CEO post-acquisition to continue implementing the company’s strategy. The deal with 3G Capital was not solely motivated by tariffs, as the private equity firm had been interested in Skechers for years.



Read more at CNBC: Skechers to be acquired by 3G Capital in take-private deal, shares soar 25%