3G Capital to Purchase Skechers in Major Take-Private Transaction, Shares Surge by 25%

The renowned footwear company, Skechers, has consented to a buyout by the private investment firm 3G Capital at a rate of $63 per share. This agreement marks the end of Skechers' nearly 30-year tenure as a publicly traded entity, as declared by the company on Monday.

The acquisition price presents a 30% premium compared to Skechers' current market valuation, aligning with similar acquisitions. Following the announcement, Skechers' stock observed a significant rise of over 25%.

Skechers' CEO, Robert Greenberg, expressed in a press statement, 'With a successful history, Skechers is prepared to embark on a new phase alongside the global investment power, 3G Capital.'

Greenberg added, 'Their exceptional record of fostering success in leading global consumer brands gives us confidence that this collaboration will empower our skilled team to effectively address the needs of our clients and consumers while facilitating our long-term growth trajectory.'

The deal comes at a challenging moment for the retail segment, particularly affecting the footwear industry, which hinges on consumer spending and overseas supply that have been impacted by the trade policies of President Donald Trump.

Recently, Skechers joined the Footwear Distributors and Retailers of America to petition for an exemption from Trump’s tariff measures.

Just over a week ago, Skechers rescinded its full-year 2025 outlook due to 'economic uncertainties stemming from global trade regulations,' as businesses anticipate a downturn in consumer expenditure, likely hitting footwear and apparel hard.

While Skechers abstained from specifying the portion of its supply dependent on China, which is currently subjected to a 145% tariff, they warned that with two-thirds of their operations outside the U.S., they may not face substantial impacts.

A source close to the situation noted that the abrasive trade climate didn't compel Skechers into the deal; instead, 3G Capital has shown long-standing interest in the acquisition.

Despite short-term uncertainties presented by tariffs, 3G Capital maintains an optimistic view on Skechers' future, seeing it poised for substantial growth in the long haul.

Ranked as the third-largest footwear producer globally, Skechers continues to hold a significant position in the market.

Post-acquisition, Greenberg will continue in his role as CEO and persist in implementing the company’s strategic objectives.