Skechers Secures $9 Billion Acquisition by 3G Capital

Skechers, the third-largest footwear company in the world, has agreed to be acquired by investment firm 3G Capital for over $9 billion and will be taken private. The deal, offering $63 per share—a 30% premium over Skechers' recent average stock price—was unanimously approved by the company's board and includes an option for shareholders to receive cash plus equity in the new private entity. Amid ongoing U.S.-China trade tensions and heightened tariffs, Skechers' international focus is notable, with two-thirds of its revenue from outside the U.S. and 15% from China. Despite these uncertainties, Skechers’ current leadership and headquarters in Manhattan Beach, California, will remain unchanged, and the company will continue its strategic initiatives. The transaction is expected to close in the third quarter of the year. The acquisition highlights how global trade volatility is influencing major corporate moves in the consumer goods sector.