Story perspectives

Skechers Acquired by 3G Capital for $9 Billion

5/5/2025

49 11

Summary

Story summary

3G Capital has acquired Skechers for $9 billion, marking the end of its public company status.
The acquisition values shares at $63 each, representing a 30% premium, with closure expected in Q3 2025.
CEO Robert Greenberg will continue leading the company and its growth strategies.
The acquisition occurs amid challenges from U.S. tariffs affecting the footwear industry.
Skechers is the third-largest shoe company in the world, headquartered in Southern California.

History

Historical Context

3G Capital's $9 billion acquisition of Skechers reflects a trend in the footwear industry, where consolidation has been common. Similar to Adidas' legal battles with Skechers in 2016 over design copying, this acquisition signals ongoing competitive pressures amid challenges like U.S. tariffs, reshaping the market landscape.

1 of 2

Story summary

3G Capital has acquired Skechers for $9 billion, marking the end of its public company status.
The acquisition values shares at $63 each, representing a 30% premium, with closure expected in Q3 2025.
CEO Robert Greenberg will continue leading the company and its growth strategies.
The acquisition occurs amid challenges from U.S. tariffs affecting the footwear industry.
Skechers is the third-largest shoe company in the world, headquartered in Southern California.

1 / 2