Lates News

This week, the American footwear giant Sketchers, known for producing sports and casual shoes, has agreed to be acquired by the Brazilian private investment firm 3G Capital, exiting the market after more than 20 years of being listed to become a private company. Skechers and other large American footwear companies have most of their production lines concentrated in Asia, and facing enormous pressure from the US government's imposition of tariffs. This acquisition is particularly notable in this context. According to a joint statement released by Sketchers and 3G Capital, 3G Capital will acquire Sketchers at a price of over $63 per share, totaling more than $9 billion. The board of directors of Sketchers has unanimously approved this acquisition, which is expected to be completed in the third quarter of this year. (CCTV).