Skechers news and archive

Skechers goes private: 3G Capital completes acquisition

Skechers U.S.A., Inc., the world's third-largest footwear company, has been acquired in a 9 billion dollars go-private deal with Brazilian private equity firm 3G Capital. The acquisition, which was first announced on May 5, 2025, has been completed, and as a result, Skechers' shares will no longer be traded on the NYSE as of September 12. The...

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Skechers opens first-ever US Performance store in Miami, Florida

Footwear giant Skechers has opened its debut Performance store format in the United States. The new 26,017-square-foot retail store is located at the Dolphin Mall in Miami, Florida, and is the company’s biggest factory mall store in the world. Building on the success of other performance stores in Canada, Europe, and Chile, the new store offers...

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Skechers and 3G get regulatory stamp of approval for acquisition

3G Capital Partners has officially received all the necessary regulatory approvals in order to finalise its acquisition of footwear brand Skechers U.S.A., Inc. On receipt of the green light, the duo are now anticipating the 9.4 billion dollar transaction to close September 12. The deal is currently still subject to the satisfaction of customary...

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Kizik brings legal dispute with Skechers to Europe

HandsFree Labs (HFL), the parent company of Kizik, has extended its legal dispute with Skechers USA to Europe, where it has now filed a trademark infringement complaint with the Unified Patent Court in Munich, Germany. In the complaint, issued by Fast IP, LLC – the intellectual property (IP) holding company of HFL – and seen by WWD, a disputed...

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Skechers remains on growth course in second quarter

Footwear retailer Skechers USA Inc. achieved strong revenue and profit growth in the second quarter of the 2025 fiscal year. According to an interim report published on Friday, the company, which is about to be acquired by financial investor 3G Capital, generated revenue of 2.44 billion dollars in the months from April to June. This represented...

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Skechers: Why a sneaker brand without cult status is worth 9.4 billion dollars

If the announced sale of the US sneaker brand Skechers does indeed go through in the third quarter of this year, this deal will go down in history as the largest transaction to date in the sneaker market. Why is Skechers so interesting? Not 'cool', but the third largest sneaker brand in the world First things first: with global annual revenue of...

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Skechers responds to Kizik’s ‘baseless’ lawsuit

Footwear giant Skechers USA has said it plans to “vigorously defend the patent suit” launched against it by HandsFree Lab (HFL), the parent company of Kizik. In a press release, Skechers said HFL’s allegations, pertaining to its line of Skechers Hands Free Slip-ins, were “baseless” and rooted in the “assertion that Kizik created the hands-free...

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Kizik parent company accuses Skechers of patent infringement in new lawsuit

Skechers has found itself on the receiving end of a lawsuit over its sale of hands-free footwear by the company that claims to have created the category. HandsFree Labs (HFL), the intellectual property owner behind Kizik, has accused Skechers USA of patent infringement for mechanical constructions that allow for hands-free shoe entry. The...

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Skechers takeover: Court dismisses lawsuit seeking to block acquisition

The acquisition of footwear supplier Skechers USA Inc. (Skechers) by investment company 3G Capital is moving closer. On Tuesday, trade magazine Women’s Wear Daily (WWD) reported that a Los Angeles court rejected a pension fund's objection. The Key West Police Officers & Firefighters Retirement Plan (Key West) had sued Skechers and members of the...

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European Commission approves Skechers acquisition by 3G Capital

Investment firm 3G Capital Partners LP (3G Capital) has been granted approval to acquire the American footwear brand Skechers. The European Commission announced this in a press release on Tuesday, July 1. Although both companies operate from the US, their activities in the European market require approval from the European Commission. Skechers...

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Skechers secures FTC approval for takeover, faces lawsuit from investor

Footwear brand Skechers has received antitrust clearance from the US’ Federal Trade Commission (FTC) for its privatisation deal with 3G Capital. The global investment firm announced its proposed 9.4 billion dollar takeover of Skechers in early May, at which time it had already secured approval for the transaction by the brand’s board of...

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JPMorgan reportedly raises 6.5 billion dollar to fund sale of Skechers

Finance firm JPMorgan Chase & Co. is believed to have prepared for a 6.5 billion dollar debt offering in support of 3G Capital’s impending purchase of footwear brand Skechers. According to a source for Bloomberg, the debt sale could take place as soon as this week. The media outlet, which noted that a representative of the US corporation had...