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3G Capital has reached a deal to buy Skechers and take Footwear Private.
Advertise the two Millions of dollars treatment On Monday, with California saying that the deal obtained “unanimously” approval from the Board of Directors.
Under the deal, 3G Capital will purchase suspended Skecers shares for $ 63 each. There is also an “option for current shareholders from Skeths to receive 57.00 dollars in cash and unlisted unit unit and is notable … in a company that it owns from the private sector, after closing the deal, the parent company will be housing. It is said that the entire deal is worth 9.4 billion dollars.
Customers shop at the Skechers store in Hong Kong on May 25, 2024. (Sepastian Nanger/SOP/Lightrockty via Gettty photos)
3G CAPITAR of Skechers is expected to be completed in the third quarter. It is “subject to the usual conditions of closure, including receiving organizational approvals,” for all Skecers.
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SKEHERS will stop trading on the New York Stock Exchange, as soon as the private stock company finishes the transaction and the private shoe company officially takes. It was a company circulating publicly for nearly 26 years, using “SKX” index.
“The shoe company” enters the next chapter in partnership with the Global Investment Company 3G Capital. ”
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| SKX | SKEHERS USA Inc. | 61.36 | -0.03 |
-05 % |
He said about Capital 3G: “Given their wonderful history in facilitating the success of some of the most famous international companies, we believe that this partnership will support our talented team while implementing their experience to meet the needs of consumers and our customers while enabling the company’s growth in the long run.”
Skethers said that the management team that currently runs Skechers, including Robert Greenberg and President Michael Greenberg, will remain at the head of the shoe company after Trans.
The company also said it plans to “continue to implement its ongoing strategic initiatives, including design Prize and innovative productInternational development, direct expansion to the consumer, the growth of local wholesale and strategic investments in global distribution, infrastructure and technology. ”
Sports shoes at the SKEHERS store in New York, on Monday, May 5, 2025. (Bing Guan / Bloomberg via / Getty Images)
In late April, Squeers said it had made 2.41 billion dollars sales in the first quarter. Meanwhile, its net profit reached $ 202.4 million.
The company canceled its annual instructions for 2025, a decision attributed to it.Overage economic uncertainty Ask for global trade policies “amid the Trump administration’s implementation of definitions with almost all trading partners.
Ske Shors, who was founded by Robert and Michael Greenberg in 1992, is the third largest shoe company in the world. It sold 297 million huge units last year.
that it Market value It hovers about $ 9.19 billion on Tuesday, a day after the 3G Capital deal was unveiled.
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