Skechers Owner: Who Owns the Company Now?

The current Skechers owner is 3G Capital, the investment firm that completed its acquisition of the company in September 2025.

Before that, Skechers was publicly traded. Robert and Michael Greenberg, the father and son who founded the company, still run it day to day.

That's the short version. The longer version has a few moving parts worth untangling, mostly because "who owns Skechers" and "who runs Skechers" are two different questions with two different answers.

Skechers Ownership At a Glance

Who Founded Skechers?

Robert Greenberg and his son Michael started Skechers together in 1992. Robert had already run one footwear company before this, L.A. Gear, which grew fast and then fell apart under its own weight. He was pushed out of that business.

Michael was let go around the same time. So the two of them regrouped and built something new.

According to Wikipedia, Skechers is now classified as an American multinational footwear and apparel company and ranks as the third largest footwear brand in the world.

In practice, that earlier failure shaped a lot of how Skechers was run in its early years. Founders who've already lost a company once tend to move differently the second time around, and Skechers leaned into a mix of trend-driven design and lower price points rather than trying to out-perform the big athletic brands directly.

Skechers' Founding Focus

The company started by importing footwear styles inspired by what was already popular, then selling them at a lower cost than the originals.

This approach is fairly common in footwear and apparel more broadly, where speed to market often matters more than being first.

Was Skechers Publicly Traded?

Yes. Skechers went public in 1999 and traded on the New York Stock Exchange under the ticker SKX for roughly 26 years.

When Skechers Stopped Being Public

Public trading ended on September 12, 2025, the day 3G Capital's acquisition officially closed. Shares no longer trade under SKX.

This is a fact confirmed directly by Skechers itself, not something pieced together from secondary reporting, so there's no ambiguity here.

Who Is the Skechers Owner Now?

3G Capital is the Skechers owner, following an acquisition that was announced in May 2025 and completed that September.

The 3G Capital Acquisition

3G Capital is a global investment firm known for buying established consumer brands and holding them for a long stretch rather than flipping them quickly. It's the same firm behind past deals involving Burger King and Tim Hortons.

The Skechers deal was valued at close to $9.5 billion when it was announced, and it took the company from public to private.

Data from Fortune's company profile notes that Skechers operates through wholesale and direct-to-consumer segments, reaching customers through company-owned retail stores, e-commerce, third-party marketplaces, and licensed partners worldwide.

What's often overlooked in coverage of deals like this is the gap between "announced" and "completed." A deal being announced doesn't mean it's done.

Regulatory approval, shareholder votes, and closing conditions all have to happen first, and that took roughly four months in this case.

Is the Greenberg Family Still a Skechers Owner?

This is where the answer gets less precise, and it's worth being upfront about that instead of guessing.

At the time the deal was announced, the Greenberg family held about 12% of Skechers stock, and reporting at that stage indicated they would receive a mix of cash and equity in the new private parent company rather than cashing out entirely.

What hasn't been made public is an exact, confirmed post-close ownership percentage. So the accurate way to put it is this: the family appears to retain some equity stake in the newly private structure, based on the terms reported before closing, but the precise current number isn't publicly detailed.

Who Runs Skechers Today?

Ownership and leadership aren't the same thing, and Skechers is a decent example of why that distinction matters.

Robert Greenberg continues as Chief Executive Officer. Michael Greenberg continues as President. Both roles were confirmed as current in Skechers' own announcement when the acquisition closed.

In practice, this kind of arrangement, where a founding family keeps operating the business after a private equity firm takes ownership, is a fairly standard structure for these kinds of deals.

It lets the new owner bring in capital and strategic direction while keeping the people who understand the brand's day-to-day operations in place.

Skechers Company Overview

Skechers is based in Southern California and describes itself as a footwear, apparel, and accessories company. Its products are sold in roughly 180 countries and territories, through both retail partners and its own stores.

It's classified as a Fortune 500 company, a status tied to revenue size rather than any qualitative ranking.

Conclusion

Skechers is currently owned by 3G Capital, which completed its acquisition in September 2025. Robert and Michael Greenberg, the company's founders, remain CEO and President. The company is no longer publicly traded on the NYSE.

Frequently Asked Questions

Is Skechers still owned by the Greenberg family?

Not entirely. 3G Capital owns Skechers as of September 2025. The Greenberg family appears to hold some equity in the new private structure based on pre-close reporting, though the exact current percentage isn't publicly confirmed.

What happened to Skechers stock (SKX)?

Skechers shares stopped trading on the NYSE on September 12, 2025, when the 3G Capital acquisition closed. SKX no longer exists as an active public ticker.

Who is the CEO of Skechers?

Robert Greenberg, one of the company's founders, remains CEO. His son Michael Greenberg serves as President, a role he's held for years.

What other companies has 3G Capital owned?

3G Capital has previously been involved with Burger King and Tim Hortons, among other consumer brands. It's known for long-term ownership rather than quick resale.

Is Skechers an American company?

Yes. Skechers is headquartered in Southern California and was founded there in 1992, though it sells products in around 180 countries and territories.