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Skechers Sells For $9 Billion After Warning Trump’s Tariffs Pose ‘Existential Threat’
The footwear giant pulled its full-year forecast earlier this year, citing “macroeconomic uncertainty stemming from global ...
Popular shoe brand makes surprising $9 billion move
Shoe company strikes gold with a billionaire deal, and stock soars after pulling its annual earnings forecast.
Skechers shares jump 25% after striking $9.4B deal to go private
Investment firm 3G Capital, controlled by Brazilian billionaire financier Jorge Paulo Lemann, agreed to buy the company.
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Sketchers goes private amid Trump’s tariff war
(CNN)– Skechers is getting out of the public market and going private amid President Trump’s trade war. The footwear company announced on Monday, May 5, that investment firm 3G will pay more than $9 ...
Skechers stock slides as it withdraws 2025 guidance due to economic and tariff uncertainties
CFRA analyst Zach Warring warned for a "tougher macro environment in 2025 as excess savings are spent and consumer spending ...
Stock market today: Dow, S&P 500 snap historic run of gains as tariff risks return, Fed decision looms
US stocks retreated from a historic run of gains on Monday as President Trump's new tariff threat revived trade war worries ...
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Trade Tensions and Leadership Shakeups Rattle Wall Street
Wall Street indices fell after new tariffs announced by President Trump sparked global trade war concerns. Additionally, ...
Skechers’ stock rockets on buyout deal after tumbling in wake of tariff concerns
The stock shot up 24.8% in morning trading, which puts it on track for the biggest one-day gain since a record 39.6% rally on ...