Skechers is owned by the global investment firm 3G Capital, which acquired the company in a deal valued at nearly $9.5 billion in 2025, taking it private. The company was originally founded and led by Robert Greenberg and his son Michael Greenberg, who continue to manage Skechers after the acquisition while the firm holds primary ownership. Before the acquisition, Skechers was a public company with over 80% of shares held by public investors and major institutional holders like BlackRock and Vanguard, but the Greenberg family retained significant control. The acquisition by 3G Capital marks a new chapter with the company continuing operations under the leadership of the founders but now as a privately held entity.