-c1bcb4d9-60e9-4fbd-bafc-9529806e1467.png&w=3840&q=75)
Skechers to Be Acquired by 3G Capital in $6B Deal
Slice of Retail Team
May 16, 2025
Key highlights
- Skechers acquired for $63/share in a deal valuing it at approximately $6 billion.
- Shareholders may elect a mix of cash and equity in a new private LLC structure.
- Robert Greenberg to remain CEO, ensuring leadership continuity.
- Skechers will go private, ending NYSE listing post-transaction.
- Transaction expected to close Q3 2025, pending regulatory approval.
Notable Quotes
“ With a proven track-record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital. ”
Robert Greenberg, Chairman and CEO at Skechers
“ We have immense admiration for the business that this team has built, and look forward to supporting the Company’s next chapter. ”
Alex Behring and Daniel Schwartz, Co-Managing Partners at 3G Capital
Why This Matters
This acquisition marks a significant milestone for Skechers, a top global footwear brand, transitioning from a public to a privately held entity under the stewardship of 3G Capital. The deal aligns with 3G’s strategy of partnering with founder-led companies and will enable Skechers to focus on long-term growth without the constraints of public market pressures. The continuation of the Greenberg family leadership underscores confidence in the existing management’s vision, while the infusion of private capital and strategic direction from 3G aims to bolster Skechers’ innovation and global reach in the competitive footwear market.
