Skechers U.S.A., Inc., a renowned Fortune 500 company and one of the leading global footwear brands, has announced its agreement to be acquired by 3G Capital, a prominent global investment firm. The deal represents a pivotal moment for Skechers, valued at $63.00 per share in cash, which offers a 30% premium on the company’s 15-day volume-weighted average stock price. Following the acquisition, Skechers will transition into a privately held company. This Skechers acquisition by 3G Capital marks a significant step for the brand as it seeks to further capitalize on innovation and growth opportunities.
Skechers, widely known as the “Comfort Technology Company®,” has grown remarkably over the past three decades, achieving $9 billion in annual sales and solidifying its position as the third-largest footwear manufacturer worldwide. The company’s success stems from its dedication to style, comfort, quality, and innovation at affordable prices. Robert Greenberg, Chairman and CEO of Skechers, expressed his excitement, stating, “Over the last three decades, Skechers has experienced tremendous growth. With a proven track record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital. Given their remarkable history of facilitating the success of some of the most iconic global consumer businesses, 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.”
3G Capital, a firm known for its strategic long-term investments, will work closely with Skechers’ leadership team to help drive its next phase of growth and innovation. Alex Behring, Co-Founder and Co-Managing Partner of 3G Capital, commented, “We are thrilled to be partnering with Skechers and look forward to working with an entrepreneur of Robert’s caliber and the talented Skechers team. Skechers is an iconic, founder-led brand with a track record of creativity and innovation. We have immense admiration for the business that this team has built, and look forward to supporting the company’s next chapter.”
As part of this partnership, Skechers will remain under the leadership of Robert Greenberg, President Michael Greenberg, and COO David Weinberg. The company will continue focusing on its strategic initiatives, such as designing award-winning footwear, expanding its direct-to-consumer channels, driving international growth, and investing in global distribution and infrastructure. Under the Skechers acquisition by 3G, the brand aims to solidify its position as a global lifestyle leader in both performance and fashion footwear.
The transaction, unanimously approved by Skechers’ board and 60% of its shareholders, is expected to close in Q3 2025, pending regulatory approval. Financing for the acquisition will be supported by 3G Capital funds and debt financing from JPMorgan Chase Bank. Upon completion, Skechers will delist from the New York Stock Exchange and focus on becoming a premier private entity. This transformational deal is anticipated to bolster Skechers’ market standing and ensure its long-term success.
