Skechers Agrees to $9.4 Billion Acquisition by 3G Capital

Published 2 days agoSKX

Skechers Agrees to $9.4 Billion Acquisition by 3G Capital

Skechers has announced a significant development, agreeing to a $9.4 billion buyout by investment firm 3G Capital. This deal, offering $63 per share, marks a 28% premium over the company's previous stock price. The acquisition is set to finalize in the third quarter of 2025, amidst ongoing trade discussions between the U.S. and China.

Following the acquisition announcement, Skechers experienced a notable surge in its stock value, with prices climbing over 25% during premarket trading. Sources like Reuters highlighted this increase as a sign of investor confidence in the transaction. As of Wednesday, the stock was trading at $61.45, with no significant change from the previous close despite the market's positive initial reaction.

Skechers is navigating its path carefully amid rising U.S. tariffs on Chinese imports, which have impacted its operations. To counter these challenges, the company is considering strategies like vendor cost-sharing and optimizing sourcing methods, along with some price adjustments. Despite these hurdles, Skechers reaffirms its commitment to the Chinese market with continued investments, including a logistics center and R&D facility. According to China Daily, these moves highlight Skechers' long-term strategy to stabilize and grow its operations in the economically vital region.

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