Skechers Surges to 11th in Trading Volume with $46.71 Billion Turnover Amid 3G Capital Acquisition

On May 5, 2025, Skechers (SKX) experienced a significant surge in trading volume, with a total turnover of $46.71 billion, marking a 2527.75% increase from the previous day. This substantial rise placed Skechers at the 11th position in terms of trading volume for the day. The stock price of Skechers also saw a notable increase, rising by 24.35% over the past two days, with a cumulative gain of 28.62%.

3G Capital has agreed to acquire Skechers for approximately $9.4 billion, marking one of the largest private equity deals in the sneaker industry. The acquisition is expected to close in the third quarter of 2025 and will be financed through a combination of cash and debt provided by 3G Capital. The deal represents a significant move for 3G Capital, which is known for its investments in the fast-food industry but has now expanded into the footwear sector.

Under the terms of the definitive merger agreement, 3G Capital will pay $63.00 per share in cash for all outstanding shares of Skechers. The acquisition has been unanimously approved by the board of Skechers, and key executives, including Robert Greenberg, will remain in their positions to continue running the business. The deal comes amid significant uncertainty in the marketplace, partly due to trade tensions and other economic factors.