Companies

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.
Skechers to Go Private in $9 Billion Deal With 3G Capital
A Skechers USA Inc. corporate office building in Manhattan Beach, Calif., on Oct. 26, 2022. Patrick T. Fallon/AFP via Getty Images
Chase Smith
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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.

Chase Smith
Chase Smith
Author
Chase is an award-winning journalist. He covers national politics for The Epoch Times. For news tips, send Chase an email at [email protected] or connect with him on X.
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