Skechers to Go Private After 26 Years on NYSE in $9.4 Billion 3G Capital Deal

Skechers U.S.A. is set to go private after 26 years on the NYSE following the completion of its $9.4 billion buyout by 3G Capital. The deal, which was struck at $63 per share in cash, has received all necessary regulatory approvals and is expected to close on September 12.

Skechers U.S.A., Inc. (NYSE: SKX), a leading designer and manufacturer of lifestyle and performance footwear, apparel, and accessories, is set to go private after 26 years on the New York Stock Exchange (NYSE). The company has received all necessary regulatory approvals for its $9.4 billion buyout by 3G Capital Partners L.P. [1].

The acquisition, which was struck at $63 per share in cash, is expected to close on September 12, 2025, subject to the satisfaction of customary closing conditions [1]. Skechers stockholders have until September 5, 2025, to elect the form of merger consideration they wish to receive. They can choose between $63.00 per share in cash or a mix of $57.00 per share in cash and one equity unit in a newly-formed, privately held company [1].

The deal comes as 3G Capital, a global investment firm known for its long-term owner-operator approach, seeks to unlock durable growth and enduring value for Skechers. 3G Capital is led by Alex Behring and Daniel Schwartz, who have a history of acquiring iconic businesses [1].

Skechers, which is headquartered in Southern California, designs and markets its products in approximately 180 countries and territories through various retail channels, including department and specialty stores, direct-to-consumer sales, and Skechers retail stores [1]. The company is a Fortune 500® company and manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors [1].

The acquisition is expected to have significant implications for Skechers' future. The company will transition from a public to a private entity, which could lead to a more focused and strategic approach to growth and innovation. However, investors should be aware of the risks associated with the transaction, including the potential for litigation, disruptions to business operations, and the ability to retain key personnel [1].

References:
[1] https://www.businesswire.com/news/home/20250828667104/en/Skechers-and-3G-Capital-Announce-Receipt-of-All-Required-Regulatory-Approvals-for-Proposed-Acquisition-and-Election-Deadline