Skechers Set to Go Private After 26 Years on the NYSE: A Footwear Farewell
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2025
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Source: SeekingAlpha
Acquisition Details
- Buyout Approval: 3G Capital's acquisition of Skechers U.S.A. has received all necessary regulatory approvals and is set to close on September 12.
- Deal Structure: The $9.4 billion deal values Skechers at $63 per share, with an alternative option of $57 per share plus one equity unit in a new private parent company.
Market Context
- Significance of the Deal: This acquisition is one of the largest privatizations in the footwear industry, marking Skechers' exit from the public market after 26 years.
- Comparative Valuation: The $9.4 billion price is slightly below Birkenstock's market cap of $9.7 billion and significantly higher than the market caps of Crocs, Wolverine World Wide, Steven Madden, and Weyco Group.
Company History and Performance
- Public Listing: Skechers went public on June 9, 1999, at an opening price of $11 per share.
- Stock Performance: The all-time high closing price for Skechers was $78.24 on January 30, 2025, with current trading just above the $63 deal price.
Future Outlook
- Strategic Goals: 3G Capital plans to utilize its expertise in operational efficiency to enhance Skechers' global growth, innovation, and infrastructure investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
