US-Brazilian investment firm 3G Capital has agreed to acquire US footwear company Skechers in a deal valued at approximately $9.4 billion.
The Financial Times reported that the transaction offers Skechers shareholders $63 per share in cash or an alternative option of $57 in cash plus equity in a newly private parent company.
Skechers will continue to be led by chief executive Robert Greenberg and president Michael Greenberg, with the company maintaining its headquarters in California.
The deal, approved unanimously by the Skechers board, is expected to close in the third quarter of 2025. It marks 3G Capital’s return to large-scale acquisitions after a period of limited activity. The firm is known for past deals including the creation of AB InBev and its investment in Hunter Douglas.
Skechers reported record sales of $2.41 billion in the first quarter of 2025 but withdrew its full-year guidance, citing uncertainty related to global trade policies. The company has raised concerns about the impact of tariffs on Chinese imports, which could affect pricing and consumer demand in the US, its largest market.
The structure of the deal, which allows existing shareholders to retain a stake in the new parent company, is considered unusual in a take-private transaction and reflects 3G Capital’s reported long-term interest in developing the Skechers brand.