Skechers Stock Soars on $9.4 Billion Deal With 3G Capital to Go Private

Bill McColl

Mon, May 5, 2025, 12:00 PM 1 min read

Skechers is going private with global investment firm 3G Capital for about $9.4 billion.
Investors in the shoemaker have the option of $63 for every share they own, or $57 and one unlisted equity unit of the newly formed parent of Skechers.
CEO Robert Greenberg and the Skechers executive team will continue to lead the company.

Skechers (SKX) shares skyrocketed Monday after the lifestyle shoe manufacturer agreed to be taken private by investment firm 3G Capital for approximately $9.4 billion.

The deal pays Skechers investors $63 for every share they own, a 27.6% premium over the stock's closing price on Friday. In addition, shareholders have the option of receiving $57 per share plus “one unlisted, non-transferable equity unit (the “LLC Unit”) in a newly formed, privately held company that, following the closing of the transaction, will be the parent company of Skechers (the “New LLC”).”

“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.

As part of the agreement, Skechers will continue to be run by Greenberg along with President Michael Greenberg and the current executive team. Skechers headquarters will remain in Manhattan Beach, Calif., where the firm was founded.

Skechers shares were up about 25% in midday trading Monday. Despite today’s jump, the stock remains down about 8% so far in 2025.