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Skechers Reportedly Considering IPO of Its Asia Segment

November 1, 2021

Skechers is reportedly considering spinning off its Asia business into a public company.

The sneaker and clothing maker is mulling a Hong Kong-based IPO, according to Bloomberg. The company could raise around $1.5 billion through the public offering.

The move may entail buying out partners in its Asia-based business, such as Luen Thai Enterprises. Skechers and Luen Thai launched Skechers China in 2007. Front Offices Sport