Historic Acquisition in the Footwear Industry

In a landmark deal, private equity firm 3G Capital has announced its agreement to acquire Skechers USA Inc. for a staggering $9.4 billion. This acquisition promises to reshape the future of the renowned shoe manufacturer.

Deal Details and Financial Implications

Under the agreement, 3G Capital will purchase Skechers shares at $63 each in cash, offering a 30% premium over the current market value. The transaction, expected to close in Q3 2025, will be financed through a combination of 3G Capital's resources and debt financing arranged by JPMorgan Chase Bank.

Leadership and Future Prospects

"With a proven track-record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital," stated Skechers' CEO Robert Greenberg, who will continue to lead the company post-acquisition. This partnership heralds a new phase of growth and innovation for Skechers under private ownership.