3G Capital to Acquire Skechers for $9.4 Billion

Skechers, the world's third-largest footwear brand, has agreed to be acquired by 3G Capital for approximately $9.4 billion, with shareholders receiving $63 per share in cash or an alternative of $57 in cash plus an equity unit in the new parent company. The acquisition, unanimously approved by Skechers' board, will take the company private and is expected to close in the third quarter of 2025, pending regulatory approval. The current leadership team—including CEO Robert Greenberg, President Michael Greenberg, and COO David Weinberg—will remain in place, and Skechers' headquarters will stay in Manhattan Beach, California. The deal will be financed by a combination of 3G Capital’s funds and debt from JPMorgan Chase. 3G Capital says the acquisition aligns with its strategy of supporting founder-led, innovative consumer brands and aims to drive Skechers’ long-term growth. Skechers shares surged by more than 25% following the announcement.