Skechers news and archive

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 relaunches renovated store in New Delhi with community event

Skechers, the global performance and lifestyle footwear and apparel brand, has announced the grand relaunch of its newly renovated store at Pacific Mall Tagore Garden in New Delhi. This expansive 2,472-sq. ft. location, one of 52 Skechers retail outlets in the city, now offers an enhanced shopping experience, showcasing the brand's extensive...

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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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NBA and Skechers collaborate to launch season two of Hoop Nation docuseries in India

The National Basketball Association (NBA) in collaboration with Skechers, a global performance and lifestyle footwear and apparel brand, today announced the launch of the second season of “Hoop Nation,” a four-part lyrical docuseries showcasing inspiring basketball stories from across India. Skechers is serving as Presenting Partner of the...

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Skechers and NBA partner for a docuseries on Indian basketball

The National Basketball Association (NBA) and Skechers, a global footwear and apparel brand, announced the launch of the second season of “Hoop Nation.” This four-part lyrical docuseries is set to showcase inspiring basketball stories from various parts of India. Skechers is serving as the presenting partner for the docuseries, which is now...

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Skechers signs Bollywood star Kartik Aaryan as newest brand ambassador for India

Skechers, The Comfort Technology Company®, announced that Bollywood superstar Kartik Aaryan has signed on as its newest brand ambassador for India. The award-winning actor will first appear in a marketing campaign supporting the brand’s signature Skechers Hands Free Slip-ins® footwear. Speaking on the association, Rahul Vira, CEO of Skechers...

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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...

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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...

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Skechers Q1 sales up, withdraws guidance due to economic uncertainty

Sportswear company Skechers announced its first quarter 2025 financial results, reporting sales of 2.41 billion dollars, a 7.1 percent increase driven by a 7.2 percent increase internationally and a 6.9 percent increase domestically. However, due to macroeconomic uncertainty, Skechers is withdrawing its annual 2025 financial guidance. CEO Robert...