Skechers Gets Knocked Out! Private Equity Firm 3G Capital Buys 'Em Out for Big Bucks!

Yo Adrian They Bought the Shoes!

Listen up everybody! Seems like Skechers you know the shoe company that keeps ya feet comfy they just got bought out! By this fancy private equity firm called 3G Capital. They offered $63 a share. That's like a whole lotta clams! It's like when I finally got my shot at Apollo Creed! Somebody saw the potential ya know? "Going in one more round when you don't think you can that's what makes all the difference in your life."

A Deal That's a Real Knockout

This 3G Capital fella they're paying a good 30% more than what Skechers was worth before. It's like getting a steak dinner for the price of a cheesesteak even I know that's a sweet deal! Skechers stock went up more than 24%. Pretty soon I'll be rockin' Skechers instead of my usual beat up boots! Hey maybe they’ll even make a Rocky Balboa edition! "It ain't about how hard you can hit but about how hard you can get hit and keep moving forward."

Greenberg Stays in the Ring

Robert Greenberg the CEO says they’re gonna partner with 3G Capital. Thinks they can keep Skechers growing. He's staying on as CEO like when I kept fighting after Apollo Creed beat me to a pulp! He's not backing down. "Nobody's gonna hit as hard as life but it ain't about how hard you can hit. It's about how much you can take and keep moving forward."

Trade Wars and Tariff Punches

But hold on things ain't all sunshine and roses. There's this trade war going on with tariffs and all that jazz. Skechers even signed a letter asking for a break from Trump's tariffs. They weren't sure about the future so they pulled back their 2025 projections. Two thirds of their business is outside the US so it should be ok. It's like facing Drago you gotta be ready for anything. "If I can change and you can change everybody can change!"

Long Term Game

This 3G Capital they ain’t scared of the short term troubles. They think Skechers has got the long game figured out. Skechers is the third biggest shoe company in the world! Behind Nike and Adidas. That's pretty good right? It's like goin' the distance with Apollo Creed. Even if you don't win you proved something to yourself. "Every champion was once a contender who refused to give up."

Gonna Fly Now!

So Skechers is changing hands but they’re still in the fight! 3G Capital is betting they can keep the shoes coming and the money rolling in. I'll be here down at the steps in my trusty sneakers! "Now if you know what you're worth then go out and get what you're worth. But you gotta be willing to take the hits and not pointing fingers saying you ain't where you wanna be because of him or her or anybody. Cowards do that and that ain't you! You're better than that!"