From Yahoo Finance: 2025-05-11 13:01:00

Skechers has been acquired by 3G Capital for $9.5 billion, taking the footwear giant private. Founded in 1992, Skechers is the third-largest shoe company globally and will remain founder-run by the Greenberg family. The deal is expected to close in the third quarter of this year. In 2024, Skechers reported a record $9 billion in sales, with 62% of sales occurring outside the U.S. The acquisition comes amidst concerns about tariffs on international sales, which could impact Skechers’ manufacturing operations in China and India.



Read more at Yahoo Finance: Skechers Set To Go Private Amidst Tariff Drama, Hopes New Partnership Will ‘Enable The Company’s Long-Term Growth’