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May
May
3G Capital Acquires Skechers in $8.5B Deal to Expand Footwear Empire
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News Editor / 5 months
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Private equity giant 3G Capital has finalized an 8.5 billion acquisition of Skechers (NYSE:SKX), marking its boldest move yet into the global footwear industry. The deal, announced Monday, values Skechers at 62/share, a 22% premium over its Friday closing price. Strategic Rationale: Portfolio Expansion: 3G adds Skechers to its consumer brands, which include AB InBev, Kraft […]