Historic Acquisition in the Footwear Industry

In a landmark deal that reshapes the footwear industry, private equity giant 3G Capital has agreed to acquire Skechers USA Inc. for a staggering $8.2 billion. The announcement, made on Monday, marks a significant shift for Skechers as it prepares to transition from public to private ownership.

Deal Details and Financials

Under the agreement, 3G Capital will purchase Skechers shares at $63 each in cash, representing a 30% premium over the current market value. The transaction, expected to close in the third quarter of 2025, will be financed through a combination of 3G Capital's resources and debt financing arranged by JPMorgan Chase Bank.

Leadership and Future Prospects

"This partnership with 3G Capital opens a new chapter for Skechers," said Robert Greenberg, CEO of Skechers, who will continue to lead the company post-acquisition. With a strong track record, Skechers is poised for further growth under the stewardship of one of the world's most renowned investment firms.