Skechers to Go Private in $9 Billion Deal With 3G Capital

The footwear giant will be acquired in an all-cash transaction, ending its public run as it enters a new phase.

A Skechers USA Inc. corporate office building in Manhattan Beach, Calif., on Oct. 26, 2022. Patrick T. Fallon/AFP via Getty Images

Skechers has agreed to be acquired by 3G Capital in a deal valued at approximately $9 billion, the companies announced on May 5.

The all-cash transaction will take the California-based footwear company private, ending its three-decade run as a public company.