Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital.

The board of Skechers unanimously approved the deal, the companies said Monday.

The offer of $63 per share represents a premium of 30% to Skechers’ 15-day volume-weighted average stock price, the companies said.

Following completion of the transaction, the company will continue to be led by Skechers Chairman and CEO Robert Greenberg and his management team.

The company headquarters will also remain in Manhattan Beach, California where it was founded more than three decades ago.

The deal is expected to close in the third quarter this year.

Originally Published: <time datetime="2025-05-05 09:47:15">May 5, 2025 at 9:47 AM EDT</time>

The board of Skechers unanimously approved the deal.{ai:summary}<p>Skechers is set to be acquired by 3G Capital for $9 billion, with the board unanimously approving the deal. The offer of $63 per share reflects a 30% premium over the company's recent stock price average. </p><p>Skechers will continue to operate under CEO Robert Greenberg, and its headquarters will remain in Manhattan Beach, California. The transaction is expected to close in the third quarter of this year. #economy</p>

Shoemaker Skechers to be acquired for $9 billion and taken private by 3G Capital

Loading...