Skechers to be acquired by 3G Capital in $63-per-share buyout deal; stock soars 25%
The acquisition marks the end of Skechers’ nearly 30-year run as a public company, with 3G Capital paying a 30% premium over the current market value.
Footwear giant Skechers announced Monday that it has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its almost three-decade tenure as a publicly traded company. The offer represents a 30% premium over Skechers’ most recent public valuation—consistent with similar take-private deals—and sent shares of the company soaring more than 25% following the news.
“With a proven track record, Skechers is entering its next chapter in partnership with global investment firm 3G Capital,” said CEO Robert Greenberg in a press release. “We believe this partnership will support our talented team as they continue meeting consumer and customer needs while enabling the company’s long-term growth.”
Deal comes amid industry uncertainty
The acquisition arrives during a volatile period for the retail and footwear sectors, which are grappling with weakened consumer spending and global trade tensions. Last week, Skechers signed a letter from the Footwear Distributors and Retailers of America calling for exemptions from tariffs imposed by president Donald Trump. Just days prior, Skechers withdrew its full-year 2025 guidance, citing macroeconomic uncertainty and looming policy shifts.
While the company hasn’t disclosed how much of its supply chain depends on China—which currently faces 145% tariffs—executives noted that two-thirds of Skechers’ business is international, potentially softening the blow of U.S.-focused trade policies.
Skechers is an American sneaker company with stores around the world, including its Bogotá, Colombia location. Photo: Skechers USA
3G Capital bets on long-term growth
According to a source familiar with the transaction, 3G Capital’s interest in Skechers predates the current trade concerns and is based on long-term growth potential. “The tariffs introduce some short-term uncertainty,” the source said, “but 3G believes Skechers is well-positioned for sustained expansion.”
Despite recent economic headwinds, Skechers remains the world’s third-largest footwear brand, behind Nike and Adidas. CEO Robert Greenberg will remain in his role following the acquisition, continuing to lead the company’s strategic initiatives under 3G Capital’s ownership.
