Skechers Agrees To Be Acquired By 3G Capital For $63.00 Per Share In Cash

Author: Benzinga Newsdesk | May 05, 2025 08:50am

• Skechers will continue to be led by Chairman and Chief Executive Officer Robert Greenberg, President Michael Greenberg, and Chief Operating Officer David Weinberg
• The Company will remain focused on its successful strategy of delivering style, comfort, quality, and innovation at an affordable price
• Skechers and 3G Capital have a shared vision for the long-term future growth of the business
• 3G Capital to pay $63.00 per share in cash for Skechers, representing a premium of 30% to the Company's 15-day volume-weighted average stock price
• 3G Capital to offer all existing Skechers stockholders an alternative mixed consideration option
• Skechers to become a privately held company upon completion of the transaction

Skechers U.S.A., Inc. ("Skechers" or the "Company") (NYSE:SKX), a Fortune 500 company and the third largest footwear company in the world, today announced that it has agreed to be acquired by 3G Capital, a global investment firm built on an owner-operator approach to long-term investing.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250505432130/en/

One of the largest founder-led consumer product companies in the world with $9 billion in annual sales, Skechers' significant growth over the past 30 years has been driven by a relentless focus on delivering style, comfort, quality, and innovation at an affordable price. Known as the Comfort Technology Company®, Skechers is a growth-oriented, product-driven brand with a diverse distribution network, and highly loyal customers and consumers.

Posted In: SKX