Skechers to Go Private in $63/Share 3G Capital Deal

Skechers will be acquired by 3G Capital for $63 per share, a 30% premium, in a take-private deal, ending its 28-year public run, the company announced Monday. Shares jumped 24%. CEO Robert Greenberg, staying on, lauded 3G’s history with global brands, eyeing growth. Amid Trump’s 145% China tariffs, Skechers joined a footwear group seeking exemptions and withdrew 2025 guidance, citing trade uncertainty. With two-thirds of its business international, tariff impacts are limited. A source said 3G’s long-standing interest, not tariffs, drove the deal. The partnership positions Skechers, the third-largest footwear brand, for global expansion despite short-term trade challenges.