Private equity firm 3G Capital has announced its acquisition of Skechers USA Inc. in a deal valued at approximately $9.4 billion. Under the terms of the agreement, 3G Capital will pay $63 per share in cash, representing a 30% premium over Skechers’ 15-day volume-weighted average stock price. This acquisition will result in Skechers becoming a privately held company, with the transaction expected to close in the third quarter of 2025, pending regulatory approvals .

Skechers’ board of directors unanimously approved the deal, including an independent committee of directors. Chairman and CEO Robert Greenberg, along with President Michael Greenberg and the current management team, will continue to lead the company post-acquisition. The company will remain headquartered in Manhattan Beach, California .

The acquisition comes amid challenges faced by Skechers due to increased U.S. tariffs on Chinese imports, which have impacted its supply chain. In response to these challenges, Skechers recently withdrew its annual financial forecast, citing macroeconomic uncertainties stemming from global trade policies .

3G Capital plans to finance the transaction through a combination of cash and debt financing secured from JPMorgan Chase Bank. The firm is known for its investments in major consumer brands, including Burger King and Kraft Heinz .

As of the latest trading session, Skechers’ stock (NYSE: SKX) surged over 25%, closing at $61.39, reflecting investor optimism following the acquisition announcement.

Sources