RY 167.78 0.209% SHOP 136.85 -0.1168% TD 88.39 0.0566% ENB 64.32 -0.6334% BN 76.45 -0.2089% TRI 256.88 0.8797% CNQ 39.19 -2.1229% CP 103.44 -0.0869% CNR 137.95 -1.4502% BMO 135.26 0.3115%

General News

Skechers to Be Taken Private in $9 Billion Deal with 3G Capital

Skechers to be acquired for US$9B by 3G Capital, offering a 30% premium at US$63 per share.

Leadership and headquarters unchanged, with CEO Robert Greenberg staying on and the base remaining in Manhattan Beach.

Deal set to close in Q3 2025, pending regulatory and shareholder approvals.

In a major retail shakeup, footwear giant Skechers is set to be acquired for US$9 billion by investment firm 3G Capital, the companies announced Monday. The deal, which values Skechers at US$63 per share, represents a 30% premium to its 15-day volume-weighted average stock price and has received unanimous approval from the Skechers board.

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