Latham & Watkins Advises Skechers in Completed US$9.4 Billion Acquisition by 3G Capital

Skechers U.S.A., Inc., a Fortune 500 company and the third largest footwear company in the world, and 3G Capital announced that 3G Capital has completed its acquisition of Skechers. The acquisition was announced on May 5, 2025. As a result of the completion of the transaction, Skechers’ shares will no longer trade on the NYSE at NYSE:SKX as of September 12.

Latham & Watkins LLP represented Skechers in the transaction with a corporate deal team led by Los Angeles partner Steven Stokdyk, Bay Area/New York partner Josh Dubofsky, and Los Angeles partner Andrew Clark, with associates Stanley Onyeador, Taylor Ashton, Maya Rahwanji, Diana Chung, Joy Chen, and Shayna Servillas. Advice was also provided on M&A litigation matters by New York partner Blair Connelly, Washington D.C. partner Christian Word, and Orange County partner Kristin Murphy, with associates Tina Jensen and James Clark, with assistance from Caitlyn Brock; on benefits and compensation matters by Bay Area partners Maj Vaseghi and James Robinson, with associate Jennifer Lin; on public company representation matters by associates Grace Garcea and Teddy Finneran; on US antitrust matters by Washington, D.C. partners Mandy Reeves, Michael Egge, and Patrick English and Washington, D.C. counsel Francesca Pisano, with associate Charles McGrath; on ex-US antitrust matters by Brussels partner Héctor Armengod, with assistance from Klearchos Lazanas; on foreign direct investment matters by Brussels counsel Philipp Studt; on CFIUS matters by Washington, D.C. counsel Catherine Hein, with associate Christine Kalpin; on trade controls matters by Washington, D.C. partner Andrew Galdes, with associate Elliot Hecht; on finance matters by Los Angeles/New York partner Dennis Lamont; on tax matters by Los Angeles partner Pardis Zomorodi and Houston partner Christine Mainguy, with associate Lucas Migliano; on intellectual property and data privacy matters by Bay Area partner Michelle Gross, with associates Caroline Omotayo and Kiara Vaughn; on environmental matters by Los Angeles partner Aron Potash, with associate Matthew Green; and on real estate matters by San Diego counsel Achraf Farraj.