3G Capital Acquires US Shoe Giant Skechers
07.05.2025 4071

3G Capital Acquires US Shoe Giant Skechers

Investment fund 3G has entered into an agreement to buy American sneaker, clothing and accessories manufacturer Skechers, the third-largest footwear brand in the United States after Nike and Adidas. The deal is worth $9,42 billion.

3G Capital, an investment fund led by Brazilian financier and billionaire Jorge Paulo Lemann. Under the terms of the deal, the investment fund will buy Skechers shares for $63 apiece in cash — 28% above their closing price on May 2. The deal is expected to close in the third quarter of 2025.

Once the deal closes, Skechers will go private and leave the stock market after 26 years. CEO and founder Robert Greenberg, 85, will retain his position, as will President Michael Greenberg and COO David Weinberg.

Analysts said the sale talks could have accelerated amid an unstable macroeconomic environment, including high tariffs, declining consumer activity and tense relations between the US and China. 

Investment fund 3G has entered into an agreement to buy American sneaker, clothing and accessories manufacturer Skechers, the third-largest footwear brand in the United States after Nike and Adidas. The deal is worth…
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