Newsletters
U.S.-based Skechers, the world’s third-largest footwear company, announced on Monday that it will be acquired by private equity firm 3G Capital in a $9.4 billion deal.
"3G Capital to pay $63.00 per share in cash for Skechers, representing a premium of 30% to the Company’s 15-day volume-weighted average stock price," Skechers said in a statement. The company emphasized that it will continue to pursue its strategic initiatives following the completion of the acquisition.
"One of the largest founder-led consumer product companies in the world with $9 billion in annual sales, Skechers’ significant growth over the past 30 years has been driven by a relentless focus on delivering style, comfort, quality, and innovation at an affordable price," it said.
According to the statement, the transaction was unanimously approved by Skechers’ board of directors, which will continue its oversight role. The acquisition is framed as a long-term partnership aimed at advancing the company’s development.
Skechers will continue to be led by its current management team, and its headquarters will remain in California.
The footwear industry, which depends heavily on international supply chains, has been impacted by tariffs introduced by U.S. President Donald Trump.
As companies across the sector braced for a potential decline in consumer spending, expected to affect both footwear and apparel, Skechers withdrew its earnings forecast for the year, citing uncertainty stemming from global trade policy shifts.
Last week, major American shoe manufacturers and retailers, including Skechers, called on President Trump to exempt footwear products from the proposed reciprocity-based tariffs.
1 min read
