TLDR
- Skechers (SKX) completed its transition to private ownership on September 12, 2025
- 3G Capital finalized the $9+ billion acquisition, ending NYSE trading
- Stock surged 25% after deal announcement before delisting
- CEO Robert Greenberg and President Michael Greenberg retain leadership roles
- Institutional investors made final portfolio adjustments before shares stopped trading
Skechers has officially transitioned to private ownership after 3G Capital completed its acquisition on September 12, 2025. The deal removes the footwear giant from public markets following decades of NYSE trading.
The acquisition valued Skechers at over $9 billion. This represents one of the largest footwear industry buyouts in recent years.
Trading for SKX shares ceased on the New York Stock Exchange when the transaction closed. The stock ticker is no longer active on major trading platforms.
Skechers stock jumped approximately 25% following the initial deal announcement in May. This surge reflected positive investor sentiment about the acquisition terms.
Leadership Continuity Maintained
CEO Robert Greenberg will continue leading the company under new ownership. His brother Michael Greenberg remains as president of the organization.
The Greenberg family founded Skechers in 1992. Their continued involvement provides operational stability during the ownership transition.
Skechers operates as the world’s third-largest footwear brand. The company maintains a presence in approximately 180 countries and territories globally.
The brand’s distribution network includes around 5,300 retail stores worldwide. Skechers also sells through department stores, specialty retailers, and online channels.
3G Capital’s Strategic Acquisition
3G Capital specializes in acquiring established consumer brands with global recognition. The New York-based firm was founded in 2004 by Alex Behring and Daniel Schwartz.
This acquisition aligns with 3G’s strategy of partnering with profitable consumer businesses. The firm focuses on brands with strong market positions and growth potential.
Skechers recently reported record sales and earnings performance. The company maintained growth despite challenging macroeconomic conditions across global markets.
Several institutional investors adjusted their SKX holdings before the delisting. Osterweis Capital Management and T. Rowe Price reported position changes between September 14-16.
These moves represent final portfolio adjustments before public trading ended. Institutional investors had to decide on accepting buyout terms or making last-minute transactions.
Market Impact and Investor Response
The footwear company’s strong performance likely attracted 3G Capital’s interest. Skechers demonstrated resilience in both lifestyle and performance footwear segments.
Global demand for Skechers products remained robust across multiple international markets. This performance contributed to the acquisition’s appeal for private equity investors.
Former shareholders receive compensation according to terms outlined in the May agreement. The specific details were disclosed in SEC filings when the deal was announced.
The California-based company will continue operations under private ownership. Skechers maintains its focus on lifestyle footwear, performance shoes, apparel, and accessories.
3G Capital’s acquisition removes another major footwear brand from public markets. The deal reflects continued private equity interest in established consumer companies with global reach.
