Core Viewpoint - Skechers has agreed to be acquired by Brazilian private equity firm 3G Capital for over $9 billion, marking the end of its more than 20-year public listing and transitioning to a private company [1][2] Group 1: Acquisition Details - The acquisition price is set at $63 per share, and the deal has been unanimously approved by Skechers' board, expected to close in the third quarter of this year [1] - Following the announcement, Skechers' stock price surged by 25%, achieving the highest intraday increase in over seven years [1] Group 2: Market Context - The strategic shift is seen as a response to the complex international trade environment, particularly the increasing tariffs imposed by the U.S. government, which have significantly pressured U.S. footwear companies like Skechers [2][4] - Skechers has not provided revenue guidance for the upcoming quarter due to the unpredictable nature of the current environment, as stated by CFO John Vandermore [2] Group 3: Impact of Tariffs - Skechers has warned that U.S. government tariff policies could substantially increase operational costs, leading to price hikes and reduced sales [4] - A coalition of 76 footwear brands has expressed concerns to the White House, stating that the tariffs pose a "survival threat" to the footwear industry [4] Group 4: Performance in China - Skechers operates nearly 3,500 stores in China, its largest overseas market, and despite a poor performance this year, it continues to show strong growth globally [5] - The company projects nearly $9 billion in sales for 2024, reflecting a 12% year-over-year growth, with revenue nearly doubling over the past five years [5] - Skechers has indicated that the privatization will not impact its operations in China, where it aims to continue exploring new growth opportunities [5]
斯凯奇宣布退市，中国3500家门店暂不受影响
Huan Qiu Wang Zi Xun·2025-05-08 08:55