Skechers
Volume comfort-footwear giant, Manhattan Beach, CA. Third-largest athletic footwear company in the world by revenue at the time it went private.
Status: Watchlist
- Founded
- 1992
- Website
- skechers.com
- HQ
- USA
- Ownership type
- PE-owned
- Parent
- 3G Capital
- Acquired
- 2025-09-12
- Status since
- 2026-07-28
Ownership
Founded 1992 by Robert Greenberg. 3G Capital take-private announced 2025-05-05 at $63.00/share (~$9.4B equity value); closed 2025-09-12; NYSE delisted. Robert Greenberg (CEO) and Michael Greenberg (President) stayed on and elected the cash-plus-equity rollover — the founding family remains operationally in charge under PE ownership.
Why Watchlist
Watchlist with a permanent asterisk: when 3G took Skechers private in September 2025, the reader lost the ability to check the brand — the sourcing disclosure is gone for good. 3G's history (Kraft Heinz) is cost extraction; the Greenbergs staying is the counterweight. We are not asserting decline. We are recording that decline would now be invisible until it reaches the shelf.
Reversibility
What would change our verdict
Greenberg exit (Avoid review — the financialisation pattern completing); documented price/quality changes post-take-private; any voluntary supply-chain disclosure.
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