3G Capital to Acquire Skechers for $9.4 Billion

Skechers USA, a leading footwear brand based in Manhattan Beach, is set to be acquired by 3G Capital in a deal valued at approximately $9.4 billion, with shareholders receiving $63 per share in cash—a 30% premium over recent trading prices. The transaction, unanimously approved by Skechers' board, will take the company private and is expected to close in the third quarter of 2025 pending regulatory approval. Current CEO Robert Greenberg and the existing management team will remain in place, and Skechers' headquarters will stay in Manhattan Beach. Shareholders can choose either a full cash payout or a mixed package of $57 in cash plus a non-transferable equity unit in the new parent company, capped at 20% of shares. The acquisition will be financed through a combination of 3G Capital’s funds and debt from JPMorgan Chase. 3G Capital says the deal supports its strategy to back founder-led consumer brands and drive Skechers’ long-term growth and innovation.