As the footwear company struggles with the effects of high US tariffs, investment firm 3G Capital will buy out Skechers USA for US $ 9.4 billion, the largest buyout in the history of the footwear business.
According to a statement from the company, the deal is anticipated to be completed in the third quarter of 2025. The transaction will be funded by a combination of debt financing committed by JPMorgan Chase Bank and cash supplied by 3G Capital.
Skechers was worth roughly US $ 7.4 billion on the market before the announcement of the sale. Last year, it generated US $ 9 billion in revenue.
Robert Greenberg, Skechers’ CEO, will remain in his position, and the business will go private following the transaction. Since its founding by Greenberg in 1992, Skechers has concentrated on comfortable footwear for less ostentatious segments of the market.
