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Skechers' $9.4 billion acquisition by 3G Capital, GIC gets Indian clearance

By Freny Patel ( August 20, 2025, 00:05 GMT | Insight) -- Affiliates of 3G Capital Partners and Singapore's sovereign wealth fund GIC have received approval from the Indian antitrust watchdog for their planned $9.4 billion acquisition of US footwear and apparel giant Skechers. The approval by Competition Commission of India indicates that the regulatory body has found no significant competition concerns in the Indian market related to this high-profile acquisition. Skechers, the renowned global footwear, apparel and accessories company, is a step closer to being acquired and taken private after the Indian antitrust watchdog approved a proposed combination involving affiliates of global investment firm 3G Capital Partners and Singapore's sovereign wealth fund GIC....

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