Skechers (SKX) Stock: 3G Capital’s $9.41 Billion Acquisition Deal Sends Shares Soaring

TLDR3G Capital agreed to acquire Skechers in a deal valued at $9.41 billion, offering $63 per shareSkechers stock surged 24-25% following the announcementCurrent leadership team (CEO Robert Greenberg, President Michael Greenberg, COO David Weinberg) will remain in placeThe transaction will end Skechers’ nearly three-decade run as a public companyThe deal comes amid trade concerns, with Skechers recently withdrawing its 2025 guidance due to global trade policy uncertaintiesSkechers, the world’s third-largest footwear company, is set to go private after investment firm 3G Capital agreed to acquire the company in a deal valued at $9.41 billion. The news sent Skechers stock soaring 25% to $61.65 in morning trading on Monday, marking its highest level since February 26 and its largest one-day gain since October 2017.The deal offers Skechers shareholders $63 per share, representing a premium of nearly 28-30% from Friday’s closing price of $49.37.Shareholders have options. They can take the full cash payment or choose to receive $57 per share plus one unlisted, nontransferable equity unit in the newly created private company that will become Skechers’ parent after the deal closes.The current leadership team will stay put. Robert Greenberg will remain as Chairman and CEO, Michael Greenberg as President, and David Weinberg as Chief Operating Officer.“With a proven track-record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital,” CEO Greenberg stated in the announcement.He added, “Given their remarkable history of facilitating the success of some of the most iconic global consumer businesses, we believe this partnership will support our talented team as they execute their expertise to meet the needs of our consumers and customers while enabling the Company’s long-term growth.”Trading HistorySkechers stock has seen ups and downs in recent months. It peaked in January at $78.85 before falling to a low of $44.50 on April 8. Prior to the acquisition news, it had a Composite Rating of 48.The deal is expected to close in the third quarter, ending Skechers’ 26-year run on the public markets.Manhattan Beach, California-based Skechers operates more than 5,300 stores with sales in about 180 countries. The company reported $8.969 billion in sales last year, with 43% coming directly from consumers.New York-based 3G Capital is a private equity firm with a history of acquiring consumer brands. Last year, the firm acquired a stake in Restaurant Brands International, the holding company of Burger King, Tim Hortons, Popeyes, and Firehouse Subs.Skechers U.S.A., Inc. (SKX)Trade War ConcernsThe acquisition comes at a challenging time for the retail industry, particularly the footwear sector. The industry is dealing with potential impacts from President Donald Trump’s trade policies.Just last week, Skechers joined other footwear companies in signing a letter from the Footwear Distributors and Retailers of America trade group requesting an exemption from Trump’s tariffs.The company also recently withdrew its full-year 2025 guidance “due to macroeconomic uncertainty stemming from global trade policies.” Retailers are preparing for a potential drop in consumer spending that could hit footwear and apparel sectors hard.While Skechers hasn’t disclosed how much of its supply chain is based in China, which currently faces 145% tariffs, the company noted that two-thirds of its business is outside the U.S., potentially buffering some of the impact.A source close to the deal, speaking anonymously, said the trade environment didn’t force Skechers into this acquisition. The source indicated that 3G Capital had been interested in acquiring the company for years.The same source mentioned that while tariffs create short-term uncertainty, 3G Capital believes Skechers’ long-term business outlook remains attractive and the company is well-positioned for growth.The deal is expected to close in the third quarter of 2025.The post Skechers (SKX) Stock: 3G Capital’s $9.41 Billion Acquisition Deal Sends Shares Soaring appeared first on CoinCentral.