Lates News

Skechers announced on May 5th that it has agreed to be acquired by investment firm 3G Capital, with the transaction expected to be completed in the third quarter of this year. According to the terms of the agreement, 3G Capital has agreed to acquire all outstanding shares of Skechers for $63 per share in cash. The statement said that Skechers will continue to be led and executed by Chairman and CEO Robert Greenberg, President Michael Greenberg, and COO David Weinberg to implement existing strategic initiatives.