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Investment firm 3G Capital will acquire footwear maker Skechers USA Inc. for $8.2 billion, the company said in a statement on Monday.
The transaction is expected to close in the third quarter of 2025. The deal will be financed through a combination of cash provided by 3G Capital as well as debt financing that has been committed by JPMorgan Chase Bank.
The $8.2 billion in equity value reflects a price of $63 per share. Skechers has a market value of about $7.4 billion and brought in $9 billion in revenue last year.
Shares of the shoe company rose 25 percent at 9:06 a.m. in early New York trading. Shares are down 28 percent so far this year.
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The sneaker brand withdrew its full-year guidance in April, citing “macroeconomic uncertainty stemming from global trade policies.” US President Donald Trump’s trade war has impacted manufacturing hubs such as Vietnam and China, where Skechers makes a significant portion of its shoes. The company is now adjusting prices and working with vendors to mitigate costs.
Skechers will continue to be led by its chief executive officer, Robert Greenberg. After the deal, Skechers will become a private company.
“Skechers is an iconic, founder-led brand with a track record of creativity and innovation. We have immense admiration for the business that this team has built, and look forward to supporting the Company’s next chapter,” 3G said in the statement.
By Kim Bhasin
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