3G Capital to take Skechers private in $9.4B deal

Private equity investment firm 3G Capital is acquiring Skechers USA in a $9.4 billion cash-and-debt deal and taking the shoemaker private.

It is 3G’s first major move since 2021 and signals a revived M&A (Mergers and Acquisitions) market, according to Bloomberg.

By taking Skechers private, 3G aims to evade public market pressures amid President Donald Trump’s tariffs that have battered the retail industry.

Skechers stock jumped 25% on Monday to $61.44, its biggest intraday surge in over seven years. 

The brand was founded in 1992. Its market cap was $9.2 billion before the deal.

CEO and founder Robert Greenberg, holding $1.1 billion in shares, will stay at the helm.