Sketches store entrance for retail at Barton Creek Square Mall on July 16, 2024 in Austin, Texas.
Brandon Bell Gety pictures
Shoe giant Skhers He agreed to obtain a $ 63 of $ 3G Capital for the share, which he agreed to obtain, as it ended nearly three decades as a public company.
The price of 3G Capital is a 30 % installment to evaluate the current SKEHERS on public markets, which is a line with similar acquisition deals. SKEHERS shares increased more than 25 % after announcing the transaction.
“By displaying a stabilized path, Skethrs enters the next chapter in partnership with the 3G Capital Investment Company,” Skechers, CEO of Ske Shors, said in a press statement.
He said: “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.”
The deal comes in a difficult time for the retail industry, in particular, the shoe sector, which depends on appreciation spending and supply chains abroad that are now at the intersection of the trade war Donald Trump.
Last week SKEHERS I signed a message It was formulated by shoe and retailer distributors in America who are asking to exempt Trump’s tariff.
A little more than a week ago, SKEHERS pulled the entire 2025 directives “due to the total economic certainty arising from world trade policies” as companies are preparing to decrease spending on consumers who will not affect insulting shoe and clothing sectors.
SKEHERS refused to determine the amount of its supply chain in China, which is currently facing 145 % of the customs tariff, but warned that two -thirds of its work is outside the United States, and therefore he will not see much effect.
A source close to the deal said that the commercial environment did not force SKEHERS to an agreement and that Capital 3G is interested in the company’s acquisition for years.
The person said that the customs tariff provides some short -term uncertainty, but 3G Capital believes that long -term expectations of Ske Shors are still attractive and are in a good growth position.
SKEHERS is the third largest shoe company in the world behind Nike and Adidas.
Greenberg will remain as CEO CERHERS and continuing the company’s strategy after the acquisition is completed.
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