Historic Acquisition in the Footwear Industry

In a landmark move that reshapes the footwear industry, private equity giant 3G Capital has announced a definitive agreement to acquire Skechers USA Inc. for a staggering $8.2 billion. This acquisition, set at $63 per share in cash, represents a 30% premium over Skechers' current market valuation, signaling a significant vote of confidence in the brand's future.

Transition to Private Ownership

Upon the completion of this transaction in the third quarter of 2025, Skechers will transition from a publicly traded company to a privately held entity. The deal's financing will be a combination of 3G Capital's internal resources and debt financing arranged by JPMorgan Chase Bank, showcasing the robust financial engineering behind this acquisition.

Leadership and Vision

Robert Greenberg, the visionary CEO of Skechers, expressed enthusiasm about this new chapter. "Partnering with 3G Capital, a global investment firm with a proven track record, marks the beginning of an exciting new era for Skechers," Greenberg stated. He will continue to lead the company, ensuring continuity and the realization of its long-term strategic goals.