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Skechers to be acquired by 3G Capital in $9.4-billion deal
short by Shristi Acharya / on Monday, 5 May, 2025
Footwear brand Skechers on Monday said that it will be acquired by investment firm 3G Capital for $9.4 billion (around ₹80,000 crore). 3G Capital has reportedly offered $63/share, which represents a premium of 30% to Skechers' 15-day volume-weighted average stock price. After the acquisition, the footwear company will continue to be led by its CEO Robert Greenberg and his team.
read more at CNBC-TV18