3G Capital Acquires Skechers for $9.4 Billion Amid Tariff Concerns

Skechers, the third-largest global footwear brand, has agreed to be acquired by investment firm 3G Capital in a deal valued at approximately $9.4 billion, making it the biggest buyout in the footwear industry to date. The transaction, which offers shareholders a 30% premium over recent trading averages, will take Skechers private and is expected to close in the third quarter of 2025. Skechers' leadership, including CEO Robert Greenberg and President Michael Greenberg, will remain in place, and the company will continue to operate from its California headquarters. The buyout comes amid heightened trade tensions and substantial U.S. tariffs on Chinese imports, which have disrupted global supply chains and pressured footwear companies. Despite these challenges, Skechers recently posted record revenues and maintains strong international sales, but has faced increasing debt and financial uncertainty. 3G Capital's acquisition is seen as a strategic move, providing Skechers with financial stability and the resources to navigate ongoing economic and trade-related headwinds.