On May 5, Skechers USA Inc. announced that it has agreed to be acquired by U.S. investment firm 3G Capital in a deal valued at approximately $9.42 billion. Under the terms of the agreement, 3G Capital will acquire all outstanding shares of Skechers for $63 per share in cash. The offer represents a premium of approximately 30% over Skechers’ 15-day volume-weighted average stock price.
The transaction is expected to close in the third quarter of 2025 and will be financed through a combination of equity provided by 3G Capital and debt financing committed by JPMorgan Chase Bank, N.A. Upon completion of the transaction, Skechers will be delisted from the New York Stock Exchange and become a privately held company.
With annual revenue reaching $9 billion and a market capitalization of approximately $7.4 billion, Skechers ranks as the third-largest footwear brand in the world. The company has built its growth strategy around offering style, comfort, quality, and innovation at accessible prices. According to the official announcement, Skechers will maintain its current leadership structure and continue executing its existing business strategy under the same management.
Robert Greenberg, Founder, Chairman, and CEO of Skechers, commented in the statement: “Over the last three decades, Skechers has experienced tremendous growth. With this partnership with 3G Capital, I am confident that our talented team will continue to leverage their expertise to meet the needs of our consumers and customers, while achieving the Company’s long-term growth.”
Alex Behring and Daniel Schwartz, Co-Managing Partners of 3G Capital, also shared their thoughts: “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.”
Prior to this announcement, Skechers withdrew its full-year financial guidance in April 2025, citing “macroeconomic uncertainty stemming from global trade policies.” The company, which relies heavily on manufacturing in countries like Vietnam and China, has been impacted by trade tensions and is currently adjusting pricing strategies and working with vendors to mitigate cost pressures.
With competition intensifying across the global footwear market, Skechers appears poised to pursue the next phase of growth under the strategic and financial backing of 3G Capital.
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