Skechers is being acquired by New York-based 3G Capital in a deal valued at $9.4 billion, which reflects a share price of $63. The acquisition aims to close in the third quarter. Despite having a market value of $7.4 billion pre-announcement, shares rose nearly 25% on the news. Skechers' decision to withhold full-year guidance amid global trade uncertainties and tariffs has influenced market performance. 3G Capital expressed admiration for Skechers' innovation, indicating a supportive role in the company’s future development.
New York investment firm 3G Capital will acquire Skechers in a $9.4 billion deal, making it a private entity, reflecting a valuation of $63 per share.
3G expressed admiration for Skechers, emphasizing its innovation and creativity, highlighting support for the company's next chapter post-acquisition.
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