3G Capital news and archive

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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Skechers to be acquired by 3G Capital in 9.4 billion dollars deal

In a significant development in the footwear industry, Skechers U.S.A., Inc. has announced its agreement to be acquired by global investment firm 3G Capital for approximately 9.4 billion dollars. The transaction, unanimously approved by Skechers' board of directors, will transition the company from a public to a privately held entity. Commenting...