Skechers Accepts Private Buyout
Footwear manufacturer Skechers is going private, being acquired by global investment firm 3G Capital.
The company expects to move forward with its existing strategic initiatives, including direct-to-consumer expansion and investments in global distribution, infrastructure and technology.
More: Skechers recently invested in an AI-powered IBP to meet ever-changing consumer demands
CEO Robert Greenberg and president Michael Greenberg will continue to lead the company alongside the rest of the management team. The senior management team will oversee the transition with 3G Capital.
Once the transaction closes, Skechers will be removed from the New York Stock Exchange.
Navigating M&A in an Unpredictable Market
The move comes as a costly trade war is driving up prices for global supply chains. Skechers was one of 76 footwear brands, including Adidas, Nike and Under Armour, that penned a letter on behalf of the Footwear Distributors and Retailers of America trade group, asking for an exemption from Trump’s tariffs.
See how various consumer goods companies have responded to the volatile tariff environment:
- P&G, KDP, Nestlé, Colgate-Palmolive & Unilever talk dive in consumer sentiment
- Kimberly-Clark is optimizing its collaborative supply chain to navigate tariffs
- Funko hires Cliff Engle to lead supply chain efforts amid “shifting dynamics”
- Circana says tariffs add to an already uncertain CPG and retail market
A couple of weeks ago, Skechers withdrew its full-year 2025 guidance “due to macroeconomic uncertainty stemming from global trade policies.”
