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Skechers to be acquired by 3G Capital in 9.4 billion dollars deal
In a significant development in the footwear industry, Skechers U.S.A., Inc. has announced its agreement to be acquired by global investment firm 3G Capital for approximately 9.4 billion dollars. The transaction, unanimously approved by Skechers' board of directors, will transition the company from a public to a privately held entity. Commenting...
2 hours ago
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American footwear industry warns of tariff fallout
A coalition of major U.S. footwear companies is sounding the alarm over the potential devastation of new tariffs, warning that the levies could trigger widespread business closures, job losses, and price hikes for consumers. In a letter to the Trump administration, the Footwear Distributors and Retailers of America (FDRA), representing industry...
19 hours ago