Reported about 20 hours ago
Skechers has announced it will be acquired by 3G Capital for $9.5 billion, taking the footwear giant private. This move comes as the company faces ongoing concerns regarding tariffs affecting international sales and manufacturing, primarily overseas. The acquisition is expected to close in the third quarter of this year, with Skechers' founders maintaining their leadership roles and expressing confidence in this partnership to support the company's long-term growth.
Source: YAHOO