3G Capital to Acquire Skechers in a Landmark $8.2 Billion Deal

In a significant development in the footwear industry, private equity firm 3G Capital has announced its agreement to purchase Skechers USA Inc. for a staggering $8.2 billion. The deal, set to close in the third quarter of 2025, marks a pivotal moment for Skechers as it transitions to private ownership.

Details of the Deal

Under the terms of the agreement, 3G Capital will pay $63 per share in cash, representing a 30% premium over Skechers' current market value. The acquisition will be financed through a combination of 3G Capital's own funds and debt financing arranged by JPMorgan Chase Bank.

Leadership and Future Plans

Robert Greenberg, Skechers' CEO, expressed optimism about the partnership, stating, "With a proven track-record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital." Greenberg will continue to lead the company as CEO post-acquisition.