Skechers, 3G Capital Near $9B Merger Closing September

Skechers U.S.A. and 3G Capital Partners have received all necessary regulatory approvals to proceed with their $9 billion merger, the largest in shoe industry history. The transaction, initially announced in May 2025, is expected to close on September 12, 2025, subject to customary closing conditions. Skechers shareholders have until 5:00 p.m. Eastern Time on September 5, 2025, to elect their preferred form of merger consideration, either $63 per share in cash or $57 per share plus one equity unit in the new parent company, with certain proration rules applied. The deal reflects the successful leadership of Robert and Michael Greenberg, who will remain with the company post-merger, and Skechers will maintain its headquarters in Manhattan Beach, California. 3G Capital, a Brazilian private-equity firm known for owning consumer brands like Kraft Heinz and Burger King, will become the parent company of Skechers after closing. Investors holding shares through brokers might have an earlier deadline and are advised to review communications carefully to meet election requirements.