Skechers moves under Brazilian flag via a US$9.4 billion buyout

Featured image of the article Skechers moves under Brazilian flag via a US$9.4 billion buyout

An article by Morgane Monteiro

Publication

12 May 2025 à 18h55

Updated on 19 May 2025 à 11h02

Reading time

2 minutes

Publication: 12 May 2025 à 18h55, Updated on 19 May 2025 à 11h02

Reading time: 2 minutes

An article by Morgane Monteiro

Publication

12 May 2025 à 18h55

Updated on 19 May 2025 à 11h02

Reading time

2 minutes

Publication: 12 May 2025 à 18h55, Updated on 19 May 2025 à 11h02

Reading time: 2 minutes

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On May 5, sneaker retailer Skechers accepted a US$9.4 billion takeover bid from Brazilian investment fund 3G Capital. Scheduled for Q3 2025, the transaction will result in Skechers’ delisting from the New York Stock Exchange (2024 revenue : US$8.97 billion, up by 12%). The group had been listed since 1999. The transaction is being financed through a combination of cash from 3G Capital for at least 80 % of the company, and a loan from JP Morgan. Robert Greenberg, C.E.O. since 1993 (aged 85)...

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Article authors

Featured image of the article Morgane Monteiro

Morgane Monteiro Journalist

Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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