Skechers has agreed to be acquired by 3G Capital in a deal valued at approximately $9 billion, the companies announced on May 5.
The all-cash transaction will take the California-based footwear company private, ending its three-decade run as a public company.
The deal was unanimously approved by Skechers’ board of directors, including an independent committee of directors formed to evaluate the proposal. It is expected to close in the third quarter of 2025, pending regulatory approvals and other customary closing conditions. Upon completion, Skechers’ common stock will be delisted from the New York Stock Exchange.
Skechers said it will continue to be led by Chairman and CEO Robert Greenberg, President Michael Greenberg, and Chief Operating Officer David Weinberg, with no changes to its senior leadership team or headquarters in Manhattan Beach, California….