Skechers to be Acquired by 3G Capital for $9 Billion

Skechers has agreed to be acquired by private equity firm 3G Capital in a deal valued between $9 and $9.4 billion, offering shareholders $63 per share—a 30% premium over recent averages. The acquisition will take Skechers private and keep its current leadership, including CEO Robert Greenberg, and its headquarters in Manhattan Beach, California. The deal arrives amid industry challenges, notably President Trump's tariffs on imported footwear, which Skechers and other brands have warned pose an 'existential threat' to the sector and could increase costs for American consumers. Despite these trade concerns and Skechers recently withdrawing its 2025 guidance due to global economic uncertainty, sources close to the deal say the sale was not directly forced by the tariff situation, as 3G Capital had been interested in the brand for years. The transaction, approved by Skechers' board and shareholders holding about 60% of voting power, is expected to close in the third quarter of 2025. Skechers will continue to pursue its growth strategies, including expanding direct-to-consumer operations and investing in global distribution.