TLDR
- Skechers (SKX) officially went private on September 12, 2025, following completion of 3G Capital’s acquisition
- The company’s shares stopped trading on the NYSE after the deal closed
- CEO Robert Greenberg and President Michael Greenberg will continue leading the company
- Institutional investors made last-minute portfolio adjustments before the delisting
- The acquisition valued the footwear company at over $9 billion
Skechers has officially become a private company after 3G Capital completed its acquisition on September 12, 2025. The deal marks the end of public trading for the world’s third-largest footwear brand.
The company’s shares ceased trading on the New York Stock Exchange following the transaction’s completion. This ends decades of public ownership for the California-based footwear maker.
3G Capital first announced the acquisition in May 2025. The deal valued Skechers at more than $9 billion, representing a major bet on the global footwear market.
The stock had surged approximately 25% after the initial deal announcement. This jump reflected investor confidence in the acquisition terms and timing.
Robert Greenberg will continue as chief executive officer under the new ownership structure. His brother Michael Greenberg remains president of the company.
The leadership continuity was a key component of the acquisition agreement. Both executives have guided Skechers since its founding in 1992.
Leadership Remains Intact
The Greenberg family’s continued involvement provides stability during the ownership transition. Their experience has helped build Skechers into a global brand spanning 180 countries and territories.
The company operates approximately 5,300 branded retail stores worldwide. Its distribution network includes department stores, specialty retailers, and online channels.
Skechers sells lifestyle and performance footwear alongside apparel and accessories. The brand has established itself as a major player in both athletic and casual footwear segments.
For 3G Capital, this acquisition fits its strategy of partnering with established consumer businesses. The New York-based firm focuses on brands with strong global recognition and growth potential.
Institutional Activity Before Delisting
Several institutional investors adjusted their positions ahead of the delisting. Osterweis Capital Management and T. Rowe Price reported portfolio changes between September 14-16.
These moves represent final adjustments before the stock became unavailable for public trading. Institutional investors had to decide whether to accept the buyout terms or make last-minute sales.
The acquisition comes after a strong performance period for Skechers. The company recently posted record sales and earnings despite challenging economic conditions.
Global demand for the brand’s products has remained robust across multiple markets. This performance likely contributed to 3G Capital’s interest in acquiring the company.
3G Capital was founded in 2004 and is led by co-managing partners Alex Behring and Daniel Schwartz. The firm has a track record of acquiring and scaling consumer brands.
The SKX ticker symbol is no longer active on major trading platforms. Former shareholders will receive compensation according to the acquisition terms outlined in May.
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