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Skechers is going private during middle of a trade war

In a trade-war whirlwind, shoemaker Skechers is sold for $9 billion to become a private company

Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital. The companies said the Skechers board unanimously approved the deal.

CNN on MSN · 1d

Skechers is going private during the middle of a trade war

Skechers is the third largest shoe company in the world and is vulnerable from President Donald Trump’s tariffs. Skechers, Nike, Adidas and other footwear giants urged Trump to exempt footwear from tariffs in a letter to the president last week.

Bloomberg on MSN · 1d

3G Capital to Take Tariff-Hit Skechers Private for $9.4 Billion

G Capital will acquire footwear maker Skechers USA Inc. for $9.4 billion, marking a splashy return to dealmaking for the investment firm after nearly four years. The take-private deal — a mix of cash and debt — was part of roughly $30 billion in M&A announced on Monday,

Stock market today: Dow, S&P 500 snap historic run of gains as tariff risks return, Fed decision looms

US stocks retreated from a historic run of gains on Monday as President Trump's new tariff threat revived trade war worries ...

12d

Skechers stock slides as it withdraws 2025 guidance due to economic and tariff uncertainties

CFRA analyst Zach Warring warned for a "tougher macro environment in 2025 as excess savings are spent and consumer spending ...

Devdiscourse1d

Trade Tensions and Leadership Shakeups Rattle Wall Street

Wall Street indices fell after new tariffs announced by President Trump sparked global trade war concerns. Additionally, ...

ABC Columbia1d

Sketchers goes private amid Trump’s tariff war

(CNN)– Skechers is getting out of the public market and going private amid President Trump’s trade war. The footwear company announced on Monday, May 5, that investment firm 3G will pay more than $9 ...

Morningstar1d

Skechers' stock rockets on buyout deal after tumbling in wake of tariff concerns

Related: Skechers says it can't predict trade-war impact, pulls outlook The company's stock has tumbled in recent months amid tariff concerns, as "substantially all" of last year's sales came ...

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