 |
Gladstone Place Partners represents Skechers as the slip-on footwear/apparel marketer agrees to be acquired by the investment firm 3G Capital for $9.4B.
Robert Greenberg, Skechers CEO, said he partnered with 3G “given their remarkable history of facilitating the success of some of the most iconic global consumer businesses.”
3G teamed with Berkshire-Hathaway in 2025 to acquire Kraft Foods for $40B in 2015, and then merged it with Heinz.
Its investment portfolio includes AB InBev (Anheuser-Busch), Restaurants Brands International (Burger King, Popeyes, Tim Hortons, Firehouse Subs) and Hunter Douglas (window treatments).
“Skechers is an iconic, founder-led brand with a track record of creativity and innovation” and we look forward to supporting its next chapter, said 3G co-founder Alex Behring, and co-managing partner Daniel Schwarz.
Gladstone Place Partners has Steve Lipin and Felipe Ucrós handling Skechers, which earned $202M on $2.4B revenues during Q1.
The Manhattan Beach (CA)-based company bills itself as the world’s No. 3 footwear company.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
FTI Consulting handles media for McCormick as the 137-year-old flavors company combines with Unilever Foods in a deal valued at $45B.
