Close Menu
Global News HQ
    What's Hot

    Apple’s latest MacBook Air, MacBook Pro, and Mac Mini are on sale for Prime Day — deals are on computers with the latest M4 chip

    July 8, 2025

    This Nordic Country Has the Most Islands in the World

    July 7, 2025

    How Ayesha Curry Turned Customer Feedback Into a Growth Engine

    July 7, 2025
    Recent Posts
    • Apple’s latest MacBook Air, MacBook Pro, and Mac Mini are on sale for Prime Day — deals are on computers with the latest M4 chip
    • This Nordic Country Has the Most Islands in the World
    • How Ayesha Curry Turned Customer Feedback Into a Growth Engine
    • Canadian Company LQWD Technologies Acquires More Bitcoin To Its Treasury
    • JW Anderson Resort 2026 Collection
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Apple’s latest MacBook Air, MacBook Pro, and Mac Mini are on sale for Prime Day — deals are on computers with the latest M4 chip
    • This Nordic Country Has the Most Islands in the World
    • How Ayesha Curry Turned Customer Feedback Into a Growth Engine
    • Canadian Company LQWD Technologies Acquires More Bitcoin To Its Treasury
    • JW Anderson Resort 2026 Collection
    • Ivermectin as a Cancer Treatment: Does It Work?
    • Federal fraud after Kousisis
    • Joann supplier going out of business
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - E-commerce & Retail - Skechers to go private in $9.4B deal
    E-commerce & Retail

    Skechers to go private in $9.4B deal

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Skechers to go private in .4B deal
    Share
    Facebook Twitter LinkedIn Pinterest Email


    This audio is auto-generated. Please let us know if you have feedback.

    Dive Brief:

    • Skechers has agreed to be acquired by 3G Capital and will cease trading on the New York Stock Exchange upon completion of the deal, according to a press release Monday.
    • 3G Capital will acquire the footwear brand for $63 per share in cash, per the release. The purchase price implies an enterprise value of about $9.4 billion, according to Evercore analysis, which also called the transaction one of the largest privatization deals in the softlines industry in years. 
    • Skechers will continue to be led by Chairman and CEO Robert Greenberg, President Michael Greenberg and COO David Weinberg, per the release. The deal is expected to close in the third quarter.

    Dive Insight:

    The deal comes after Skechers withdrew its 2025 financial outlook when it reported earnings last month. At the time, the footwear company said it pulled guidance “due to macroeconomic uncertainty stemming from global trade policies.”

    However, 3G acquiring Skechers represents a bet that the footwear sector will operate profitably in the long-term despite the Trump administration’s tariffs, according to Evercore analysts led by Jesalyn Wong. In an emailed note, Wong said that the acquisition nonetheless potentially implied “that the next few quarters will be best operated away from the eye of the public markets.” 

    Wong added that with this deal, 3G is “putting real money to work” and taking a gamble on Skechers being a durable franchise that will operate profitably at the end of this tariff period. 

    “In other words, it’s not like 3G has some unique view about how to lift all the inputs to footwear manufacturing out of China that the other brands haven’t thought of yet,” Wong said.

    Skechers has consistently set records for quarterly sales. In Q1, Skechers reported $2.41 billion in sales, which represented a 7% year-over-year increase.

    In Monday’s release, Skechers said 3G Capital shared its vision of the “long-term future growth of the business.”

    3G is the largest shareholder of Restaurant Brands International, whose holdings include Tim Hortons, Burger King and Popeyes.

    “Given [3G’s] remarkable history of facilitating the success of some of the most iconic global consumer businesses, 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,” Robert Greenberg said in the release.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleVersace taps Sabrina Carpenter for La Vacanza campaign
    Next Article Stay Social With Vision Impairment From Geographic Atrophy

    Related Posts

    Joann supplier going out of business

    July 7, 2025

    Prime Predictions: Sales This Week Expected to Equal Two Black Fridays

    July 7, 2025

    Smart store infrastructure is powering the future of retail experience

    July 7, 2025

    5 Content Marketing Ideas for August 2025

    July 6, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Technology & Gadgets
    2 Mins Read

    Apple’s latest MacBook Air, MacBook Pro, and Mac Mini are on sale for Prime Day — deals are on computers with the latest M4 chip

    Some of Apple’s best and most affordable computers are seeing discounts for Amazon Prime Day.…

    This Nordic Country Has the Most Islands in the World

    July 7, 2025

    How Ayesha Curry Turned Customer Feedback Into a Growth Engine

    July 7, 2025

    Canadian Company LQWD Technologies Acquires More Bitcoin To Its Treasury

    July 7, 2025
    Top
    Technology & Gadgets
    2 Mins Read

    Apple’s latest MacBook Air, MacBook Pro, and Mac Mini are on sale for Prime Day — deals are on computers with the latest M4 chip

    Some of Apple’s best and most affordable computers are seeing discounts for Amazon Prime Day.…

    This Nordic Country Has the Most Islands in the World

    July 7, 2025

    How Ayesha Curry Turned Customer Feedback Into a Growth Engine

    July 7, 2025
    Our Picks
    Technology & Gadgets
    2 Mins Read

    Apple’s latest MacBook Air, MacBook Pro, and Mac Mini are on sale for Prime Day — deals are on computers with the latest M4 chip

    Some of Apple’s best and most affordable computers are seeing discounts for Amazon Prime Day.…

    Travel & Tourism (Luxury)
    2 Mins Read

    This Nordic Country Has the Most Islands in the World

    From glacier-fringed archipelagos to palm-lined atolls, islands come in every imaginable shape and size. But…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version