Investment company 3G Capital has reached an agreement to acquire the global footwear brand Skechers at a price of $63.00 per share. The transaction is valued at approximately $9.42bn, as reported by Reuters.

Under the terms of the deal, Skechers' shareholders have the option to receive $57.00 in cash and one unlisted, non-transferable equity unit in a new, privately held entity that will become Skechers' parent company post-transaction.

In the first financial quarter of 2025, Skechers achieved record-breaking sales of $2.41bn, a 7.1% increase from the previous year's first-quarter earnings of $2.25bn.

Skechers chair and chief executive officer Robert Greenberg said: “With a proven track record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital. Given their 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.”

3G Capital co-founder and co-managing partner Alex Behring and co-managing partner Daniel Schwartz said: “We are thrilled to be partnering with Skechers and look forward to working with an entrepreneur of Robert’s calibre and the talented Skechers team. Skechers is an iconic, founder-led brand with a track record of creativity and innovation. We have immense admiration for the business that this team has built, and look forward to supporting the Company’s next chapter. Our team at 3G Capital is built to partner with companies like Skechers.”

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