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Skechers Agrees to Be Acquired by 3G Capital

1. Skechers to be acquired by 3G Capital, a major investment firm. 2. 3G Capital's owner-operator approach may lead to long-term growth for SKX.

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FAQ

Why Bullish?

The acquisition by 3G Capital reflects confidence in Skechers' growth potential. Historical acquisitions in a similar sector have often resulted in stock price increases due to synergistic benefits.

How important is it?

The news of an acquisition by a reputable firm like 3G Capital signifies a notable event that can greatly influence SKX's stock performance. Given the firm's history and resources, it's likely to enhance Skechers' operational strategies.

Why Long Term?

3G Capital's long-term investment strategy suggests sustained support for SKX over time, not just immediate gains. Previous examples include successful transitions of other brands under 3G that flourished over the long haul.

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3G Capital
LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Skechers U.S.A., Inc. (“Skechers” or the “Company”) (NYSE: SKX), a Fortune 500 company and the third largest footwear company in the world, today announced that it has agreed to be acquired by 3G Capital, a global investment firm built on an owner-operator approach to long-term investing. One of the largest founder-led consumer product companies in the world with $9 billion in annual sales, Skechers' significant growth over the past 30 years has been dri.

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