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Skechers Goes Private in $9.4 Billion Deal
Financial Express Lucknow
|May 06, 2025
INVESTMENT FIRM 3G Capital will acquire footwear maker Skechers USA for $9.4 billion.
The transaction is expected to close in the third quarter of 2025, the company said in a statement on Monday. The deal will be financed through a combination of cash provided by 3G Capital as well as debt financing that has been committed by JPMorgan Chase Bank.
The $9.4 billion in equity value reflects a price of $63 per share when accounting for both Class A and Class B shares. Before the deal was announced, Skechers had a market value of about $7.4 billion. It brought in $9 billion in revenue last year.
Shares of the shoe company rose as much as 25% on Monday in New York. Shares were down 28% so far this year through Friday's close.
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