The European Commission’s Green Light
The European Commission has officially approved 3G Capital’s acquisition of Skechers. This significant deal, valued at 9.4 billion dollars, has raised no competition concerns. Investors and industry watchers view this acquisition as a strategic move by 3G Capital to expand its portfolio in the footwear market.
This acquisition marks a significant milestone for both companies. Skechers, known for its innovative footwear designs, will benefit from 3G Capital’s extensive experience in building strong brands. As a result, we can expect exciting developments in Skechers’ product offerings and market presence.
