Skechers Accepts Private Buyout | Consumer Goods Technology

Once the transaction closes, Skechers will be removed from the New York Stock Exchange.

Footwear manufacturer Skechers is going private, being acquired by global investment firm 3G Capital. 

The company expects to move forward with its existing strategic initiatives, including direct-to-consumer expansion and investments in global distribution, infrastructure and technology. 

More: Skechers recently invested in an AI-powered IBP to meet ever-changing consumer demands

CEO Robert Greenberg and president Michael Greenberg will continue to lead the company alongside the rest of the management team. The senior management team will oversee the transition with 3G Capital. 

Once the transaction closes, Skechers will be removed from the New York Stock Exchange.