Business

Skechers shares jump 25% after striking $9.4B deal to go private

May 5, 2025

Skechers said Monday it had agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal, at a time when the footwear company grapples with the impact of steep US tariffs and erratic trade policy.

3G Capital has offered $63 per Skechers share in cash, representing a 28% premium to the stock’s Friday close, according to Reuters calculation.

Shares of the company jumped 25% to $61.61 after the announcement.

Skechers agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal. REUTERS

Skechers withdrew its annual results forecast last month, citing the Trump administration’s trade policies that have jolted the global economy and dented consumer sentiment.

President Trump has ratcheted up import tariffs on Chinese goods to 145%.

China makes up for a bulk of imports for the brand’s US business.

Buyout firm 3G Capital, controlled by Brazilian billionaire financier Jorge Paulo Lemann, is best known for its investment in the food and drinks sector through companies such as Kraft Heinz.

Skechers shoes — Skechers withdrew its annual results forecast last month, citing the Trump administration’s trade policies. AFP via Getty Images

The Skechers deal is expected to close in the third quarter of 2025 and will be financed through a combination of cash provided by 3G Capital as well as debt financing that has been committed by JPMorgan Chase Bank.

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Wesley Scott

Wesley Scott is a seasoned business journalist with a knack for breaking down complex financial matters and corporate trends. With a background that includes seven years working on Wall Street, Wesley brings insider knowledge to his reporting, offering readers both depth and clarity. His articles cover a wide range of topics, from market trends and corporate leadership changes to business ethics and the impact of global events on industries. Known for his ability to identify emerging patterns in the business world, Wesley’s writing serves as a reliable resource for professionals and curious readers alike. Whether covering shifts in consumer behavior or unraveling the dynamics of corporate mergers, Wesley's work ensures his audience stays ahead of the curve.