Company to Remain Founder-Led and Focused on Growth, Innovation, and Comfort-Driven Footwear
LOS ANGELES & NEW YORK – [May 5, 2025] – Skechers U.S.A., Inc. (NYSE: SKX), a Fortune 500 company and the world’s third-largest footwear brand, today announced it has entered into a definitive agreement to be acquired by global investment firm 3G Capital in an all-cash transaction valued at $63.00 per share, representing a 30% premium over Skechers’ 15-day volume-weighted average stock price.
Leadership Continuity & Strategic Focus
Skechers will continue to be led by Chairman and CEO Robert Greenberg, President Michael Greenberg, and COO David Weinberg. The company will remain headquartered in Manhattan Beach, California, its founding city, and will maintain its commitment to delivering style, comfort, quality, and innovation at affordable prices.
“With 3G Capital’s support, we’re entering a new chapter focused on accelerated growth and global innovation. Their long-term perspective aligns perfectly with our vision for the future.” Chairman and CEO Robert Greenberg
Shared Vision for Long-Term Growth
3G Capital, known for its owner-operator investment philosophy and partnerships with iconic consumer brands, expressed strong confidence in Skechers’ future.
“Skechers is a rare, founder-led brand with an incredible track record and culture of innovation,” said Alex Behring and Daniel Schwartz, Co-Managing Partners of 3G Capital. “We are honored to support the next stage of its journey.”
Transaction Details
Offer Price: $63.00 per share in cash
Optional Mixed Consideration: $57.00 per share + 1 non-transferable LLC Unit in the new parent entity
Premium: 30% over Skechers’ 15-day volume-weighted average
Transaction Value: Approximately $8.5 billion
Shareholder Approval: Secured by 60% voting consent from Greenberg family and other stakeholders
Expected Close: Q3 2025, subject to regulatory approvals
Key Terms of Mixed Consideration
Maximum of 20% of outstanding shares eligible for mixed consideration
LLC Units will be non-tradable and subject to restrictions including transfer limits and non-disparagement clauses
No obligation for the LLC to go public
About Skechers
Skechers, The Comfort Technology Company®, offers a wide array of lifestyle and performance products across 180 countries, with 5,300+ stores worldwide. Known for blending innovation and comfort, the company is a leader in accessible, high-quality footwear and apparel.
Skechers in India: The Retail Footprint: As of December 2024, Skechers boasts a robust presence in India with 452 retail locations spread across 30 states and territories. Notably, Maharashtra leads with 61 stores, followed by Gujarat (45) and Uttar Pradesh (41). New Delhi alone houses 29 outlets, making it a significant hub for Skechers retail operations .
About 3G Capital
3G Capital is a global investment firm founded in 2004, with a track record of long-term value creation in collaboration with world-class operators and founders. The firm specializes in consumer and retail sectors and is headquartered in New York.
