Skechers to be Acquired by 3G Capital for $9.4 Billion

Published 18 hours agoSKX

Skechers to be Acquired by 3G Capital for $9.4 Billion

Skechers has agreed to a $9.4 billion acquisition deal with private equity firm 3G Capital, set to become the largest transaction in the sneaker industry. The deal will see 3G Capital purchase Skechers at $63 per share in cash, which marks a 28% premium over the company's previous stock price. The acquisition is expected to close by the third quarter of 2025.

This strategic move occurs amid challenges posed by U.S. trade policies, including a 145% tariff on Chinese imports that has affected Skechers' supply chain in the United States. Reuters reported that these tariffs have significantly impacted the business environment for Skechers, necessitating strategic shifts.

3G Capital, recognized for its cost-cutting strategies, aims to leverage Skechers' robust international sales and its strong consumer base. Skechers' financial position is solid, having reported record sales of $8.97 billion in 2024, a 12% increase from the previous year. The company's CEO and founder, Robert Greenberg, holds a significant voting share and supports the acquisition, which highlights the ongoing commitment to the brand's growth and stability.

Share this article

Twitter Facebook LinkedIn

Recent Articles

AerSale Reports Positivity in Q4 with Plans for 2025 Growth

AerSale Reports Positivity in Q4 with Plans for 2025 Growth

10 minutes agoASLE

AerSale Corporation has released its financial results for the fourth quarter and full year of 2024, showcasing notable improvements. The company's revenue for the fourth quarter increased slightly to $94.7 million from $94.4 million the previous year. A turnaround was observed in GAAP net income, which reached $2.7 million, up from a $2.7 million loss during the same period last year. Adjusted EBITDA saw more than a twofold increase from $6.0 million in the fourth quarter of 2023 to $13.0 million. A 92% rise in asset management revenue, excluding whole asset sales, was driven by higher leasing and USM volumes. Overall, for the year 2024, AerSale generated $345.1 million in total revenue, marking a 3.2% rise from $334.5 million in 2023. Adjusted EBITDA for the year increased to $33.4 million, compared to $12.3 million the year before. The company reported $142.8 million in liquidity by year-end, which includes $4.7 million in cash and $138.1 million available via its revolving credit facility. According to Reuters, these financial improvements set the stage for AerSale's planned operational expansion in 2025. Looking ahead to 2025, CEO Nick Finazzo indicated a strong start to the year, fueled by an optimistic commercial landscape and significant demand for aircraft parts and services. AerSale plans to initiate several expansion projects, enhancing their lease pool and capitalizing on a solid market for AerSafe™. With these strategies, AerSale aims to leverage the growth momentum from 2024 to sustained long-term success.

FS KKR Capital Releases 2024 Financial Results, Awaiting Q1 2025 Data

FS KKR Capital Releases 2024 Financial Results, Awaiting Q1 2025 Data

25 minutes agoFSK

FS KKR Capital Corp. (FSK) has yet to publish its financial results for the first quarter of 2025, as investors eagerly anticipate new data to assess the company's performance. The most recent figures, detailed by FS KKR, cover the fourth quarter and the full year of 2024 and were released on February 26, 2025. For the fourth quarter of 2024, FSK reported a net investment income of $0.61 per share, which marks a decline from the third quarter's $0.77 per share. Adjusted net investment income was $0.66 per share, slightly down from $0.74 in the previous period. The company's net asset value per share experienced a mild drop from $23.82 to $23.64. As of December 31, 2024, FSK had a portfolio value of $13.5 billion, with a weighted average annual yield on debt investments decreasing to 11.3% from 11.9% in the prior quarter. In anticipation of the upcoming quarter, FSK declared a first-quarter 2025 distribution of $0.70 per share. Of this, $0.64 is designated as the base distribution, and $0.06 as a supplemental distribution, set for payment on or around April 2, 2025. As noted by Insider Monkey, FSK's noteworthy $1.4 billion commitment in new investments during the first quarter of 2024 hints at a potential for increased net investment income during the first quarter of 2025, though the forthcoming Q1 results are required for a complete financial assessment.

Beyond Meat Cuts Annual Forecast as Revenue Drops

Beyond Meat Cuts Annual Forecast as Revenue Drops

40 minutes agoBYND

Beyond Meat has announced its financial outlook for the second quarter of 2025, projecting net revenues between $80 million and $85 million. This forecast falls short of analysts' expectations, which predicted revenues of $93.5 million. The company’s announcement underscores the challenges it faces in a volatile market. In a significant strategic move, Beyond Meat has withdrawn its annual sales forecast due to macroeconomic uncertainties and high inflation levels in the U.S., which have dampened consumer interest in plant-based meat products. As reported by Reuters, the company experienced a 9.1% decline in revenue during the first quarter of 2025, with figures landing at $68.7 million. This also missed analysts' projections. Amid these financial pressures, Beyond Meat is implementing cost-saving strategies, such as reducing its workforce and suspending certain operations. Despite setbacks in the U.S., the company reports growth in its international segments, both in retail and foodservice sectors. These actions highlight Beyond Meat’s efforts to reorient its strategy and stabilize financially amid challenging economic conditions.

Exxon Mobil and Marubeni Ink Low-Carbon Ammonia Supply Deal

Exxon Mobil and Marubeni Ink Low-Carbon Ammonia Supply Deal

55 minutes agoXOM

Exxon Mobil has struck a landmark deal with Japanese trading company Marubeni to supply 250,000 metric tons of low-carbon ammonia annually. This agreement marks Exxon's first customer contract for its soon-to-be-constructed low-carbon hydrogen facility in Baytown, Texas, as reported by Reuters. The Baytown complex is set to be a pioneering project, aiming to become the world's largest low-carbon hydrogen production facility. The site will convert natural gas into hydrogen while capturing and storing about 98% of the carbon dioxide emissions produced in the process. Ammonia will be used as a medium to transport hydrogen in liquid form, ensuring its effective delivery to global consumers. The agreement between Exxon and Marubeni is contingent upon several factors, including Exxon's final investment decision regarding the Baytown project, expected this year, along with necessary regulatory approvals and favorable government policies. Additionally, Marubeni will also gain an equity stake in the project, further cementing this strategic partnership. This initiative underscores Exxon's commitment to advancing its low-carbon energy ventures.