Summary: Skechers has agreed to be taken private by 3G Capital for $9.42 billion, the largest buyout in the footwear industry. The deal, driven by the impact of US tariffs on Chinese imports, offers a 28% premium to Skechers’ stock price and will see the company’s founding family retain control.

Link: https://www.straitstimes.com/business/companies-markets/skechers-to-go-private-for-12-2-billion-in-biggest-sneaker-industry-deal-amid-tariff-fallout