Skechers to Go Private in $63-Per-Share Deal with 3G Capital, Stock Jumps 24%

Skechers announced Monday it will be acquired by 3G Capital in a take-private deal valued at $63 per share, ending the footwear brand’s 26-year run on public markets. The offer represents a 30% premium over Skechers’ recent valuation, sending its stock up 24% by Monday’s close.

The deal comes amid growing pressure on the retail and footwear sectors from global trade tensions and tariff concerns, though sources say the acquisition had long been in motion.

“We believe this partnership with 3G Capital will support our team and long-term growth,” said CEO Robert Greenberg, who will remain in his role post-acquisition.

The announcement follows Skechers’ recent decision to withdraw its 2025 guidance, citing “macroeconomic uncertainty” tied to President Donald Trump’s new trade policies. The company is among several that recently appealed for tariff exemptions via a joint letter from the Footwear Distributors and Retailers of America.

Although Skechers declined to disclose how much of its supply chain is based in China — now subject to 145% tariffs — the company noted that two-thirds of its business is outside the U.S., softening the immediate impact.

A source close to the transaction, speaking anonymously, confirmed that tariffs were not the catalyst for the sale. Rather, 3G Capital has shown interest in Skechers for years and views the brand’s global footprint and growth potential as strong long-term assets.

Skechers ranks as the third-largest footwear company globally, trailing only Nike and Adidas. Despite headwinds, the company remains profitable and has navigated recent retail challenges with strategic global expansion and product innovation.

The acquisition is expected to close later this year, pending regulatory approval and shareholder consent.