Skechers stock soars on $9.4 billion deal with 3G Capital to go private

Key Takeaways

• Skechers will be taken private by global investment firm 3G Capital, for approximately $9.4 billion.
• Investors in Skechers have the choice of paying $63 per share, or $57 plus one unlisted equity investment unit.
• Skechers’ executive team, led by Robert Greenberg as CEO, will continue to run the company.

Skechers’ (SKX), a lifestyle shoe manufacturer, has agreed to be acquired by investment firm 3G Capital at a cost of approximately $9.4 billion.

The deal pays Skechers’ investors $63 for each share they own. This is a 27.6% increase over the stock closing price on Friday. Shareholders can also choose to receive $57 per share and “one non-transferable, unlisted equity unit” (the “LLC Unit”), in a newly created, privately held company which, after the closing of the deal, will become the parent company of Skechers.

“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," said current Skechers CEO Robert Greenberg.

Skechers, along with its current executive team and President Michael Greenberg, will continue to run under Greenberg’s leadership. Skechers’ headquarters will remain in Manhattan Beach (California), where the company was founded.

Skechers’ shares were up around 25% at midday on Monday. Despite the jump today, the stock has been down about 8 percent in 2025.