In a trade-war whirlwind, shoemaker Skechers is sold for $9 billion to become a private company

Skechers is set to be acquired by 3G Capital for over $9 billion, taking the shoe company private. The deal comes amid concerns about the impact of U.S. tariffs on foreign goods, particularly from China, where Skechers has significant production. Despite tariff uncertainties, Skechers reported record revenue in 2024 and will maintain its leadership and headquarters.