Skechers to be Acquired by 3G Capital
Skechers, a global leader in footwear, has discharged final commitments to a private equity firm 3G Capital, which is Scheduled to acquire the footwear brand. The deal is set to conclude in late 2023, and the acquisition is set to cost $9.4 billion, valued at approximately $63 per share of Skechers. This is a bold move by the private equity firm, as Skechers has warned about the impact of Trump’s tariffs on the U.S. footwear industry. The deal may have significant implications for the temporary vulnerability of the industry to such tariffs.
