Tag #Skechers

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forbes.com

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May 8, 01:18

3G Capital Acquires Skechers Amidst US-China Trade War

3G Capital purchased Skechers for $9.4 billion, a 28% premium, despite the US-China trade war's impact on the footwear industry; their long-term investment strategy contrasts with typical private equity firms.

3G Capital Acquires Skechers Amidst US-China Trade War

3G Capital purchased Skechers for $9.4 billion, a 28% premium, despite the US-China trade war's impact on the footwear industry; their long-term investment strategy contrasts with typical private equity firms.

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How does 3G Capital's acquisition of Skechers reflect a shift in investment strategies during the US-China trade war?

3G Capital, an investment firm, acquired Skechers for $9.4 billion, a 28% premium over its closing stock price. This acquisition is notable because it occurred amidst the US-China trade war, which negatively impacted many apparel and shoe companies. 3G's long-term investment strategy contrasts with typical private equity firms, who usually flip companies within a few years.

sueddeutsche.de

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May 5, 19:19

3G Capital Acquires Skechers for \$9.4 Billion

Brazilian-American investment firm 3G Capital is acquiring US footwear brand Skechers for \$9.4 billion, offering \$63 per share and already securing 60 percent of shares; the deal reflects Skechers' rapid growth and challenges from trade tensions.

3G Capital Acquires Skechers for \$9.4 Billion

Brazilian-American investment firm 3G Capital is acquiring US footwear brand Skechers for \$9.4 billion, offering \$63 per share and already securing 60 percent of shares; the deal reflects Skechers' rapid growth and challenges from trade tensions.

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What are the immediate impacts of 3G Capital's acquisition of Skechers on the company's operations and market position?

Skechers, a US footwear brand, has been acquired by 3G Capital, a Brazilian-American investment firm, for \$9.4 billion. The offer of \$63 per share represents a 28 percent premium over Friday's closing price and 3G Capital already secured 60 percent of the shares. Skechers' management will remain under the new ownership.",

theguardian.com

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May 5, 22:10

Skechers Agrees to \$9.42 Billion Buyout Amidst Tariff Challenges

Skechers, facing challenges from US tariffs on Chinese imports, agreed to a \$9.42 billion buyout by 3G Capital, offering a 28% premium per share, a deal expected to close in the third quarter of 2025.

Skechers Agrees to \$9.42 Billion Buyout Amidst Tariff Challenges

Skechers, facing challenges from US tariffs on Chinese imports, agreed to a \$9.42 billion buyout by 3G Capital, offering a 28% premium per share, a deal expected to close in the third quarter of 2025.

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How did the US tariffs and the broader economic environment influence Skechers' decision to accept 3G Capital's buyout offer?

The acquisition reflects the volatile market conditions stemming from tariffs, weakening consumer sentiment, and US-China relations. Skechers' decision to go private might allow it to navigate these challenges privately, avoiding Wall Street scrutiny. The deal was not auctioned and involved a long-standing relationship between 3G Capital and the Greenberg family, Skechers' founders.

forbes.com

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May 6, 16:15

Skechers Sells for $9.5 Billion Amidst Tariff Uncertainty

Brazilian firm 3G Capital will acquire Skechers for nearly $9.5 billion, resulting in over $1 billion in profit for the Greenberg family who founded the company in 1992; this occurs despite ongoing trade tensions impacting other businesses.

Skechers Sells for $9.5 Billion Amidst Tariff Uncertainty

Brazilian firm 3G Capital will acquire Skechers for nearly $9.5 billion, resulting in over $1 billion in profit for the Greenberg family who founded the company in 1992; this occurs despite ongoing trade tensions impacting other businesses.

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What are the immediate financial implications of 3G Capital's acquisition of Skechers for the Greenberg family and the broader retail sector?

The Greenberg family, founders of Skechers, will receive over $1 billion from the sale of the company to 3G Capital for nearly $9.5 billion. This deal takes Skechers private, despite current retail market challenges and ongoing tariffs impacting businesses like Ford and Cummins.

theglobeandmail.com

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May 5, 19:19

Skechers Sold to 3G Capital for $9.42 Billion Amidst Tariff Challenges

Skechers, facing challenges from U.S. tariffs on Chinese goods, has agreed to a \$9.42 billion buyout by 3G Capital, offering a 28 percent premium to its share price, a move expected to close in the third quarter of 2025.

Skechers Sold to 3G Capital for $9.42 Billion Amidst Tariff Challenges

Skechers, facing challenges from U.S. tariffs on Chinese goods, has agreed to a \$9.42 billion buyout by 3G Capital, offering a 28 percent premium to its share price, a move expected to close in the third quarter of 2025.

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What are the immediate consequences of Skechers' acquisition by 3G Capital, given the ongoing impact of U.S. tariffs?

Skechers, a major footwear brand, has been acquired by 3G Capital for \$9.42 billion, a deal representing a 28 percent premium over its Friday closing share price. This comes amidst challenges from U.S. tariffs on Chinese goods, impacting Skechers' financial forecasts and overall market performance. The acquisition is expected to close in the third quarter of 2025.

forbes.com

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May 5, 22:10

3G Capital to Acquire Skechers for $9.5 Billion

3G Capital agreed to buy Skechers for about $9.5 billion, taking the company private; the Greenberg family, owning 12% of Skechers, could receive up to $1.1 billion; the deal is expected to close in Q3 2024.

3G Capital to Acquire Skechers for $9.5 Billion

3G Capital agreed to buy Skechers for about $9.5 billion, taking the company private; the Greenberg family, owning 12% of Skechers, could receive up to $1.1 billion; the deal is expected to close in Q3 2024.

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What are the immediate financial implications of 3G Capital's acquisition of Skechers for the Greenberg family and the company's future?

Brazilian investment firm 3G Capital will acquire Skechers for approximately $9.5 billion, taking the company private. Skechers founders Robert and Michael Greenberg, who will continue to lead the company, will receive up to $1.1 billion. The deal includes a 28% premium on Skechers' Friday closing share price and is expected to close in the third quarter of 2024.

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