Skechers Shares Rise 25% After $9.4B Buyout Deal

Skechers has agreed to be acquired and taken private by investment firm 3G Capital in a deal valued at approximately $9.4 billion, offering shareholders $63 per share—a roughly 28-30% premium over recent closing prices. The announcement caused Skechers shares to surge about 25% in trading. This acquisition arrives during a turbulent period for the footwear industry, with Skechers and other retailers facing challenges from high U.S. tariffs on Chinese imports and broader economic uncertainty. Skechers recently withdrew its annual forecast, citing the impact of these trade policies, and has joined industry efforts seeking exemptions from the tariffs. Despite the buyout, CEO Robert Greenberg emphasized the company will maintain its focus on innovation and international growth under private ownership. The deal is slated to close in the third quarter of 2025.