Quick overview

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The footwear behemoth Skechers announced it will be bought by private equity firm 3G Capital for $63 per share, ending its nearly three-decade history as a publicly traded company.

 

3G Capital agreed to pay a 30% premium for Skechers’ current market value. After the deal was revealed, Skechers’ stock shot up more than 25%. In a press release, Skechers CEO Robert Greenberg stated, “With a proven track record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital.”.

“We believe this partnership will support our talented team as they execute their expertise to meet the needs of our consumers and customers while enabling the Company’s long-term growth,” he said, citing their impressive history of helping some of the most iconic global consumer businesses succeed.

The deal comes at a challenging moment for the retail sector, given that the footwear industry depends on discretionary spending and foreign supply chains that are the target of President Donald Trump’s trade war.

The Footwear Distributors and Retailers of America trade group wrote a letter last week requesting an exemption from Trump’s tariffs, which Skechers signed onto.

Additionally, Skechers retracted its full-year 2025 guidance a little more than a week ago “due to macroeconomic uncertainty stemming from global trade policies,” as businesses prepare for a decline in consumer spending that will disproportionately affect the apparel and footwear industries.

Skechers warned that two-thirds of its business is conducted outside the United States. The company would not disclose the extent to which its supply chain is based in China, which is currently subject to 145 percent tariffs and will thus experience less of an effect.

According to a source close to the transaction who spoke on condition of anonymity to discuss confidential information, 3G Capital had been interested in purchasing Skechers for years, and the trade environment didn’t pressure the company into a deal.