Skechers was acquired by the private equity firm 3G Capital in a deal valued at approximately $9 billion. The acquisition price was set at $63 per share, representing a 30% premium over Skechers' market valuation at the time. This deal ended Skechers' nearly 30-year run as a publicly traded company, taking it private

. The acquisition was unanimously approved by Skechers' board, and the company will continue to be led by its Chairman and CEO Robert Greenberg, along with his executive team. Skechers' headquarters will remain in Manhattan Beach, California, where it was founded over three decades ago

. 3G Capital is a global investment firm known for partnering with consumer brands, and this acquisition marks a new chapter for Skechers under their ownership