Skechers to be Acquired by 3G Capital for $63 Per Share

Skechers, the global footwear giant, has agreed to be acquired by private equity firm 3G Capital for $63 per share, marking the end of its nearly three-decade run as a public company. The acquisition was announced on Monday.

Details of the Acquisition Deal

The agreed price represents a 30% premium over Skechers’ current market value, in line with typical takeover deals. Following the announcement, Skechers’ shares surged more than 25%.

“With a proven track record, Skechers is entering its next chapter in partnership with global investment firm 3G Capital,” said Skechers CEO, Robert Greenberg, in a statement. “Given their remarkable history of facilitating the success of iconic global consumer businesses, we believe this partnership will support our team in meeting consumer needs while driving long-term growth.”

Challenges in the Footwear Industry

The acquisition comes at a challenging time for the retail industry, especially the footwear sector, which depends on discretionary spending and overseas supply chains. These are now increasingly impacted by President Donald Trump’s trade war.

Last week, Skechers joined the Footwear Distributors and Retailers of America trade group in asking for an exemption from Trump’s tariffs. Additionally, Skechers withdrew its full-year 2025 guidance, citing uncertainty over global trade policies and a potential downturn in consumer spending, particularly in the footwear and apparel sectors.

Impact of Tariffs and Supply Chain Concerns

Although Skechers did not disclose the exact portion of its supply chain based in China, which faces a 145% tariff, the company noted that two-thirds of its business operates outside the U.S. and will likely be less affected by these tariffs. Despite the short-term uncertainty due to the trade environment, 3G Capital remains confident in the long-term outlook for Skechers and its growth potential.

Skechers’ Position in the Global Footwear Market

Skechers remains the third-largest footwear company globally, behind Nike and Adidas. Following the acquisition, Greenberg will continue as CEO, overseeing the company’s strategy moving forward.