Skechers USA to Go Private in $9.4 Billion Deal

May 5, 2025

Amid significant uncertainty in the marketplace caused by President Trump’s trade war, Skechers USA agreed to be acquired by private equity firm 3G Capital for $9.4 billion in a move that will end its 26-year run in the public markets.

The announcement follows a decision by Skechers not to offer full-year guidance in April due to trade uncertainties with shoe companies highly exposed to President Trump’s tariffs.

3G Capital agreed to pay $63 per share, a 27.6 percent increase over Friday, May 2, closing price of $49.37, and a premium of 30 percent to the company’s 15-day volume-weighted average stock price.

Shares of Skechers (SKX) were up nearly 25 percent in mid-day trading on Monday, May 5, 2025, in reaction to the company’s acquisition news. SGB