The investment company 3G Capital Partners LP (3G Capital) can take over the US shoe brand Skechers, the European Commission announced on Tuesday. Although both companies are based in the United States, their activities on the European market require the consent of the European Commission.
Skechers announced the takeover in a deal of around $ 9.4 billion (8 billion euros). 3G Capital takes Skechers off the stock exchange. The investment company takes over design, production and sales of the brand’s lifestyle and sports shoes. Skechers retains his current management team and its headquarters in Manhattan.
The Commission believes that the takeover does not affect the competition. “The companies are not active in the same or related markets,” says the press release. The transaction is expected for the third quarter of 2025.
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