Skechers Sold for $9.4 Billion as Tariffs Shake Footwear Industry
Skechers is being sold to 3G Capital for $9.4 billion amid industry upheaval caused by US tariffs. The deal reflects challenges faced by footwear companies due to trade policies.
Footwear Industry
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Footwear Giants Urge Trump to Drop Tariffs on Shoes
Major U.S. footwear companies, including Nike and Adidas, urge President Trump to exempt shoes from tariffs, warning that increased costs could severely impact businesses and consumers.