Private equity firm 3G Capital reached a deal to buy Skechers and take the footwear company private. The two announced the multibillion-dollar transaction on Monday, with California-based Skechers saying the deal received "unanimous" approval from its board. Under the deal, 3G Capital will purchase outstanding Skechers shares for $63 each. There is also an "option for existing shareholders of Skechers to instead receive $57.00 in cash and one unlisted, non-transferable equity unit… in a newly-formed, privat ...

NEW YORK, May 5, 2025 /PRNewswire/ -- Julie & Holleman LLP, a top-tier shareholder rights firm, is investigating the acquisition of Skechers U.S.A., Inc. (NYSE: SKX) by global investment firm 3G Capital. The law firm has already uncovered conflicts of interest and believes the deal price is too low.For a free consultation, please visit https://julieholleman.com/skechers-usa-inc/. You may also contact partner Scott Holleman at (929) 415-1020 or by email at [email protected].Skechers is a footwear company con ...

The stock of Sketchers (SKX 24.41%) is surging in Monday's trading following an announcement that the company is set to be acquired. The footwear specialist's share price was up 24.5% as of 1:45 p.m. ET today amid the backdrop of a 0.3% decline for the S&P 500 index.Before the market opened this morning, Sketchers published a press release announcing that it has reached a deal to be bought out by 3G Capital in a $9 billion deal. Because the shareholders with a majority stake in the business have already app ...

Core Viewpoint - Skechers has agreed to be taken private by 3G Capital in a $9.4 billion deal amid challenges from US tariffs and trade policies [1][2][3] Group 1: Deal Details - The acquisition price is set at $63 per share, which represents a 28% premium over Skechers' stock price prior to the announcement [1] - Following the announcement, Skechers' shares increased by 25% to $61.61 [1] - The deal is expected to close in the third quarter of 2025 and will be financed through cash from 3G Capital and debt financing from JPMorgan Chase Bank [4] Group 2: Market Context - Skechers withdrew its annual results forecast last month due to the impact of the Trump administration's trade policies on the global economy and consumer sentiment [2][5] - The Trump administration has increased import tariffs on Chinese goods to 145%, significantly affecting Skechers as China constitutes a major source of imports for its US business [2]

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

The entrance of the Sketchers retail store at the Barton Creek Square Mall on July 16, 2024 in Austin, Texas.Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital, the companies announced on Monday. The firm will pay $63 per share in cash for Skechers, a 30% premium to the company's current valuation on the public markets. Once the deal is closed, Skechers will become a privately held company. "With a proven track-record, Skechers is entering its next chapter in partnership wit ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-14429 SKECHERS U.S.A., INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or (State or other jurisdiction of incorporation or organization) 228 Manhattan Beach Blvd. M ...

Skechers U.S.A., Inc. (SKX) reported first-quarter 2025 results, wherein the top line missed the Zacks Consensus Estimate but the bottom line surpassed the same. While both metrics showed year-over-year growth, the company withdrew its full-year guidance due to ongoing economic uncertainty related to global trade policies. As a result, shares of this Manhattan Beach, CA-based footwear company declined 6.5% in the after-hours trading session yesterday.The company’s first-quarter results were driven by strong ...

Skechers U.S.A. (SKX) Q1 2025 Earnings Call April 25, 2025 02:39 AM ET Company Participants Soo Hwang - Senior Director - International MerchandisingDavid Weinberg - Chief Operating OfficerJohn Vandemore - Chief Financial OfficerJay Sole - Managing DirectorPeter McGoldrick - Equity Research AssociateAlexandra Straton - Equity Research Managing DirectorJohn Kernan - Managing DirectorJesalyn Wong - DirectorJosh Reiss - Equity Research Senior AssociateChristopher Nardone - Director, Equity ResearchTom Nikic - ...

Skechers U.S.A., Inc. (NYSE:SKX) Q1 2025 Earnings Conference Call April 24, 2025 4:30 PM ET Company Participants Soo Hwang - Senior Director of International Merchandising David Weinberg - COO John Vandemore - CFO Conference Call Participants Jay Sole - UBS Laurent Vasilescu - BNP Paribas Peter McGoldrick - Stifel Adrienne Yih - Barclays Alex Straton - Morgan Stanley John Kernan - TD Cowen Jesalyn Wong - Evercore ISI Josh Reiss - Raymond James Krisztina Katai - Deutsche Bank Chris Nardone - Bank of America ...