A Landmark Deal in the Footwear Sector

In a move that reshapes the footwear industry, private equity giant 3G Capital has announced a monumental $8.2 billion agreement to acquire Skechers USA Inc., a leading global shoe manufacturer. This acquisition, set at $63 per share, represents a significant 30% premium over Skechers' current market valuation.

Transition to Private Ownership

The deal, expected to close in the third quarter of 2025, will see Skechers transitioning into private ownership under the stewardship of 3G Capital. The financing for this acquisition is a blend of 3G Capital's internal resources and debt financing facilitated by JPMorgan Chase Bank.

Leadership and Future Prospects

Robert Greenberg, Skechers' CEO, expressed enthusiasm about the partnership, highlighting 3G Capital's global investment prowess as a catalyst for Skechers' next growth phase. Greenberg will continue to lead the company, ensuring continuity and leveraging 3G Capital's resources for expansion.