Reported about 10 hours ago
Skechers has agreed to be acquired by 3G Capital for $9.42 billion, marking the largest buyout in the footwear industry. This cash offer of $63 per share represents a 28% premium over Skechers' recent stock price. The acquisition comes as the company faces challenges from U.S. tariffs impacting its import-heavy business. Founded in 1992 and known for its casual athletic footwear, Skechers plans to continue operating under its current leadership post-acquisition. The deal is expected to finalize in the third quarter of 2025.
Source: YAHOO