Skechers Deal Suit Says 3G Exploited Trump Tariffs to Underbid

Skechers USA Inc. founders Robert and Michael Greenberg were driven by their desire for quick cash when they orchestrated an underpriced $9.4 billion sale to 3G Capital Inc. at the height of this year’s tariff-related volatility, a shareholder lawsuit says.

A group of funds is suing the Greenbergs, other company leaders, and 3G, a private equity firm linked to one of Brazil’s richest men that has ownership stakes in major consumer conglomerates including AB InBev SA/NV, Restaurant Brands Inernational Inc., and Kraft Heinz Co. The $63-per-share deal closed in September.

Skechers—like other businesses with global supply chains—saw its ...