Skechers has agreed to a $9.26 billion go-private deal with Brazilian private-equity firm 3G Capital, marking the largest shoe buyout in history. The transaction, which includes cash and equity units, is expected to close in the third quarter. Skechers’ senior management, including Robert and Michael Greenberg, will continue leading the company post-acquisition. The deal reflects the Greenbergs’ success in transforming Skechers from a family startup into a global powerhouse. Analysts note that the acquisition highlights opportunistic investing amid sector uncertainty, driven by factors like tariffs and geopolitical tensions. Skechers’ shares surged over 24% following the announcement. The company reported strong first-quarter sales but faced a slight dip in net earnings.
— new from Footwear News
