Latest news with #JorgePauloLemann
Entrepreneur
06-05-2025
- Business
- Entrepreneur
Skechers Goes Private in USD 9.4 Bn Buyout Deal
The transaction, set to close in Q3 2025, will be financed through a mix of equity from 3G Capital and debt arranged by JPMorgan Chase Bank. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Footwear brand Skechers has agreed to be acquired by investment firm 3G Capital in a USD 9.4 billion deal, the company announced Monday. The all-cash offer values Skechers at USD 63 per share—a 28% premium over its last closing price—prompting a 25% premarket surge in its stock to USD 61.90. The buyout comes as Skechers struggles with uncertainty stemming from escalating US-China trade tensions. Last month, the company withdrew its annual forecast, citing the Trump administration's tariff hikes and erratic trade policy. US tariffs on Chinese imports, a key supply source for Skechers, have soared to 145%, heavily impacting the brand's margins. 3G Capital, controlled by Brazilian billionaire Jorge Paulo Lemann, is best known for major deals in the food and beverage sector, including Kraft Heinz. This marks a significant expansion into retail footwear. The transaction, set to close in Q3 2025, will be financed through a mix of equity from 3G Capital and debt arranged by JPMorgan Chase Bank. As Skechers prepares to go private, the deal signals a strategic reset for the brand amid ongoing geopolitical and economic headwinds.
New York Post
05-05-2025
- Business
- New York Post
Skechers shares jump 25% after striking $9.4B deal to go private
Skechers said Monday it had agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal, at a time when the footwear company grapples with the impact of steep US tariffs and erratic trade policy. 3G Capital has offered $63 per Skechers share in cash, representing a 28% premium to the stock's Friday close, according to Reuters calculation. Shares of the company jumped 25% to $61.61 after the announcement. Skechers agreed to be taken private by investment firm 3G Capital in a $9.4 billion deal. REUTERS Skechers withdrew its annual results forecast last month, citing the Trump administration's trade policies that have jolted the global economy and dented consumer sentiment. President Trump has ratcheted up import tariffs on Chinese goods to 145%. China makes up for a bulk of imports for the brand's US business. Buyout firm 3G Capital, controlled by Brazilian billionaire financier Jorge Paulo Lemann, is best known for its investment in the food and drinks sector through companies such as Kraft Heinz. Skechers withdrew its annual results forecast last month, citing the Trump administration's trade policies. AFP via Getty Images The Skechers deal is expected to close in the third quarter of 2025 and will be financed through a combination of cash provided by 3G Capital as well as debt financing that has been committed by JPMorgan Chase Bank.
Business Wire
05-05-2025
- Business
- Business Wire
SKX Investors Have the Opportunity to Join Investigation of Skechers U.S.A., Inc. with the Schall Law Firm
LOS ANGELES--(BUSINESS WIRE)-- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Skechers U.S.A., Inc. ('Skechers' or 'the Company') (NYSE: SKX) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the Skechers board breached its fiduciary duties to shareholders. Skechers announced on May 5, 2025, that it had agreed to be taken private by investment firm 3G Capital for $9.4 billion. Reuters reports that 'Buyout firm 3G Capital, controlled by Brazilian billionaire financier Jorge Paulo Lemann, is best known for its investment in the food and drinks sector through companies such as Kraft Heinz.' If you are a shareholder, click here to participate. We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at or by email at bschall@ The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
Business Recorder
05-05-2025
- Business
- Business Recorder
Footwear brand Skechers to be taken private in $9 billion deal
Footwear company Skechers said on Monday it had agreed to be acquired by investment firm 3G Capital in a deal worth $9.4 billion. 3G Capital, a buyout firm controlled by Brazilian billionaire financier Jorge Paulo Lemann, has offered to pay $63 per Skechers share in cash, a 28% premium to the stock's Friday close. Shares of the company jumped nearly 26% to $62.10 in premarket trading after the announcement.
Yahoo
05-05-2025
- Business
- Yahoo
Footwear brand Skechers to be taken private in $9 billion deal
(Reuters) -Footwear company Skechers (SKX) said on Monday it had agreed to be acquired by investment firm 3G Capital in a deal worth $9.4 billion. 3G Capital, a buyout firm controlled by Brazilian billionaire financier Jorge Paulo Lemann, has offered to pay $63 per Skechers share in cash, a 28% premium to the stock's Friday close. Shares of the company jumped nearly 26% to $62.10 in premarket trading after the announcement.
