Skechers to go private for $12.2 billion in biggest sneaker industry deal amid tariff fallout

Quick Summary:

Company withdrew annual results forecast in April and warned of fallout from Trump’s 145 per cent tariff on China.

Sources told Reuters that Skechers is not running an auction and the deal is bilateral as 3G Capital has had a long relationship with the Greenbergs.

Investment firm 3G Capital has offered US$63 per Skechers share in cash, the footwear brand said on May 5.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeBrazilChina

Topics: Tariffs Greenberg Capital Stiff Skechers Held Private Deal Cent Company Brand

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 08:15:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28425197

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 59 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions