World 3rd Largest Footwear Company $9.4 Billion Skechers Shareholders (Fund Managers & Hedge Funds) Including Verition Fund Management & Empyrean Capital Partners Attempt to Lead Lawsuits for Higher Buyout Price in 3G Capital Buyout of Skechers for $9.42 Billion in 2025 for Unfair Price, Conflicts of Interest & Breach of Fiduciary Duties
11th July 2026 | Hong Kong
The world’s 3rd largest footwear company Skechers ($9.4 billion valuation) shareholders (Fund managers & hedge funds) including Verition Fund Management & Empyrean Capital Partners are attempting to lead lawsuits for higher buyout price in 3G Capital buyout of Skechers for $9.42 billion in 2025 for unfair price, conflicts of interest & breach of fiduciary duties. In 2025 November, Skechers shareholders filed a lawsuit for higher buyout price in 3G Capital buyout of Skechers for $9.42 billion. In 2025 May, Brazil billionaire Jorge Paulo New York-based private equity firm 3G Capital announced to buy the world’s 3rd largest footwear company Skechers for $9.42 billion, representing +30% premium to the 15-day Volume-Weighted Average Price (5/5/25). Skechers was founded in 1992 by Robert Greenberg (age 85), who will continue as Chairman & CEO. Billionaire Robert Greenberg will receive $1.1 billion from the buyout by 3G Capital. In 2024 March, the United States Securities & Exchange Commission (SEC) fined $9.2 billion (8/3/24 market value) footwear company Skechers $1.25 million for failure to disclose employment of 2 relatives of Skecher executives, a consulting relationship of an individual who shared a household with a Skecher executive, and 2 executives owing $120,000 of personal expenses paid by the company. United States SEC: “The Securities and Exchange Commission today announced that Skechers U.S.A. Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members. Skechers agreed to pay a $1.25 million civil penalty to settle the SEC’s charges. According to the SEC’s order, from 2019 through 2022, Skechers did not comply with related person transaction disclosure requirements when it failed to disclose its employment of two relatives of its executives and did not disclose a consulting relationship involving a person who shared a household with one of its executives. Furthermore, according to the SEC’s order, for multiple years, Skechers failed to disclose that two of its executives owed more than $120,000 to the company for personal expenses that had been paid for by Skechers but not yet reimbursed by the executives. The SEC’s order finds that Skechers violated reporting and proxy solicitation provisions of the Securities Exchange Act of 1934. Without admitting or denying the SEC’s findings, Skechers agreed to a cease-and-desist order and to pay the civil monetary penalty referenced above. The SEC’s investigation was conducted by Oreste P. McClung and Brian R. Higgins and was supervised by Brendan P. McGlynn, Mr. Thompson, and Nicholas P. Grippo, all with the Philadelphia Regional Office.”
“ World 3rd Largest Footwear Company $9.4 Billion Skechers Shareholders (Fund Managers & Hedge Funds) Including Verition Fund Management & Empyrean Capital Partners Attempt to Lead Lawsuits for Higher Buyout Price in 3G Capital Buyout of Skechers for $9.42 Billion in 2025 for Unfair Price, Conflicts of Interest & Breach of Fiduciary Duties “
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Skechers – Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in approximately 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com, and more than 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors.
3G Capital – 3G Capital is a global investment firm and private partnership built on an owner-operator approach to investing over a long-term horizon. For decades, 3G partners have teamed with world-class management and founding families to acquire iconic businesses, unlocking durable growth and enduring value. Founded in 2004, 3G Capital is led by Alex Behring, Co-Founder and Co-Managing Partner, and Daniel Schwartz, Co-Managing Partner. 3G Capital evolved from the investment office of Jorge Paulo Lemann, Carlos Alberto Sicupira, and Marcel Herrmann Telles.
World 3rd Largest Footwear Company $9.4 Billion Skechers Shareholders File Lawsuit for Higher Buyout Price in 3G Capital Buyout of Skechers for $9.42 Billion Representing +30% Premium to 15-Day Volume-Weighted Average Price (5/5/25), Founded in 1992 by Robert Greenberg (Age 85) Who Will Continue as Chairman & CEO, Billionaire Robert Greenberg to Receive $1.1 Billion
25th November – The world’s 3rd largest footwear company Skechers ($9.4 billion valuation) shareholders have filed a lawsuit for higher buyout price in 3G Capital buyout of Skechers for $9.42 billion. In 2025 May, Brazil billionaire Jorge Paulo New York-based private equity firm 3G Capital announced to buy the world’s 3rd largest footwear company Skechers for $9.42 billion, representing +30% premium to the 15-day Volume-Weighted Average Price (5/5/25). Skechers was founded in 1992 by Robert Greenberg (age 85), who will continue as Chairman & CEO. Billionaire Robert Greenberg will receive $1.1 billion from the buyout by 3G Capital. Skechers – Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in approximately 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com, and more than 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. 3G Capital – 3G Capital is a global investment firm and private partnership built on an owner-operator approach to investing over a long-term horizon. For decades, 3G partners have teamed with world-class management and founding families to acquire iconic businesses, unlocking durable growth and enduring value. Founded in 2004, 3G Capital is led by Alex Behring, Co-Founder and Co-Managing Partner, and Daniel Schwartz, Co-Managing Partner. 3G Capital evolved from the investment office of Jorge Paulo Lemann, Carlos Alberto Sicupira, and Marcel Herrmann Telles.
Brazil Billionaire Jorge Paulo New York-Based Private Equity Firm 3G Capital Buys 3rd Largest Footwear Company Skechers for $9.42 Billion Representing +30% Premium to 15-Day Volume-Weighted Average Price (5/5/25), Founded in 1992 by Robert Greenberg (Age 85) Who Will Continue as Chairman & CEO, Billionaire Robert Greenberg to Receive $1.1 Billion
7th May 2025 – Brazil billionaire Jorge Paulo New York-based private equity firm 3G Capital has announced to buy the world’s 3rd largest footwear company Skechers for $9.42 billion, representing +30% premium to the 15-day Volume-Weighted Average Price (5/5/25). Skechers was founded in 1992 by Robert Greenberg (age 85), who will continue as Chairman & CEO. Billionaire Robert Greenberg will receive $1.1 billion from the buyout by 3G Capital. Skechers – Skechers, The Comfort Technology Company® based in Southern California, designs, develops and markets a diverse range of lifestyle and performance footwear, apparel and accessories for men, women and children. The Company’s collections are available in approximately 180 countries and territories through department and specialty stores, and direct to consumers through skechers.com, and more than 5,300 Skechers retail stores. A Fortune 500® company, Skechers manages its international business through a network of wholly-owned subsidiaries, joint venture partners, and distributors. 3G Capital – 3G Capital is a global investment firm and private partnership built on an owner-operator approach to investing over a long-term horizon. For decades, 3G partners have teamed with world-class management and founding families to acquire iconic businesses, unlocking durable growth and enduring value. Founded in 2004, 3G Capital is led by Alex Behring, Co-Founder and Co-Managing Partner, and Daniel Schwartz, Co-Managing Partner. 3G Capital evolved from the investment office of Jorge Paulo Lemann, Carlos Alberto Sicupira, and Marcel Herrmann Telles.
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