The third largest shoemaking company in the United States, Skechers, was acquired by a private equity firm for $9.4 billion.

Skechers, the third largest shoemaking company in the United States, announced: It will be acquired by a private equity firm at $63 per share, with a valuation of $9.4 billion.

The founder of Skechers was squeezed out by the footwear company he originally worked for in 1992 and started his own business, focusing on "comfort," which has grown to over 4,700 stores in more than 170 countries.

After the acquisition is completed, the personal gains will exceed one billion US dollars, and the plan is to retire.

The 3G Capital, which acquires Skechers, owns brands such as Burger King, Tim Hortons, Kraft Heinz, and Hunter Douglas.

Compared with Nike and Adidas, Skechers leads in sales in China.

Original article: https://www.toutiao.com/article/1831319738266624/

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