Skechers is one of the most recognizable shoe brands in the world. But who actually owns the company? In this article, we’ll explore the history and ownership of Skechers, from its humble beginnings to its current status as a global lifestyle brand. We’ll look at the company’s founders, its current owners, and its plans for the future. With its incredible success, Skechers is sure to remain a household name for years to come.
Skechers is an American footwear company founded in 1992 by Robert Greenberg. It was publically traded on the New York Stock Exchange since 1997 and had a market capitalization of $3.3 billion in 2020. Skechers is headquartered in Manhattan Beach, California and designs, develops, and markets lifestyle and performance footwear for men, women, and children.
Who Owns Skechers?
Skechers USA, Inc. is a global leader in the lifestyle and performance footwear industry. Founded in 1992, the company designs, develops and markets over 3,000 varieties of lifestyle and performance footwear for men, women and children. Skechers is one of the most recognizable and popular shoe brands in the world, with a presence in over 170 countries and territories. The company is headquartered in Manhattan Beach, California and is publicly traded on the New York Stock Exchange. So who owns Skechers?
The majority of Skechers is owned by Robert Greenberg, the company’s founder and CEO. Greenberg owns approximately 32% of the company’s outstanding shares, giving him control of the company. Additionally, he holds the majority of the voting power on the Board of Directors, as well as the majority of the voting power in the company’s management.
Greenberg’s wife, Laurie, also owns a significant stake in the company. She holds a 9.1% stake in Skechers, making her the second-largest shareholder. Additionally, she serves on the Board of Directors and is actively involved in the company’s decisions. Together, the Greenbergs control just over 41% of the company’s outstanding shares.
Other Major Shareholders
Aside from the Greenbergs, there are several other major shareholders of Skechers. These include institutional investors such as BlackRock, Vanguard Group, and State Street Global Advisors. These investors control a combined 24.3% of the company’s outstanding shares.
In addition to institutional investors, there are a number of individual investors who own shares in Skechers. These include former CEO David Weinberg, who owns a 3% stake in the company, and Skechers’ Chief Financial Officer David Weinberg, who owns a 2.3% stake.
Skechers’ Stock Performance
Skechers has had an impressive run on the stock market over the past decade. In 2010, the company’s stock was trading at just over $8 per share. Since then, the stock has risen to a high of $50 per share, giving the company a market capitalization of over $6 billion.
The company’s stock has been volatile in recent years, as investors have been concerned about the company’s growth prospects and the potential impact of tariffs on its sales. Despite this volatility, Skechers’ stock has still outperformed the S&P 500 over the past 10 years.
The Company’s Management Team
Skechers is led by CEO Robert Greenberg, who founded the company in 1992. Greenberg is joined on the company’s executive team by Chief Financial Officer David Weinberg and Chief Operating Officer John Vandemore. Together, this team has successfully led the company’s growth and expansion into new markets.
The Company’s Board of Directors
The Skechers Board of Directors is chaired by Robert Greenberg and includes his wife, Laurie, as well as seven independent directors. These independent directors bring a wealth of experience in the footwear and apparel industry to the board, providing a valuable resource for the company.
The Board’s Role
The Skechers Board of Directors is responsible for overseeing the company’s operations and ensuring that it is meeting its financial and operational goals. The board is also responsible for approving major strategic decisions and ensuring that the company adheres to its corporate governance guidelines.
The Board’s Composition
The Skechers Board of Directors is composed of eight members, seven of whom are independent directors. These independent directors bring a wealth of expertise and experience in the footwear and apparel industries to the board, providing valuable insight and guidance to the company.
Related Faq
Who Own Skechers?
Answer: Skechers USA, Inc is a global footwear company and one of the leading lifestyle brands in the world. The company is owned by Skechers USA, Inc. which is a publicly-traded company on the New York Stock Exchange (NYSE). Skechers is headquartered in Manhattan Beach, California and the current CEO is Robert Greenberg.
What Type of Products Does Skechers Offer?
Answer: Skechers offers a wide range of footwear and apparel for men, women and kids, including casual and performance footwear, as well as clothing and accessories. The brand is well-known for its innovative designs and materials, such as the BOBS from Skechers and Goga Mat Technology. The company has a wide range of collections, including Skechers D’Lites, Skechers GOrun, Skechers GOwalk, Skechers BOBS, Skechers Summits, Skechers Relaxed Fit, and Skechers Work.
When Was Skechers Founded?
Answer: Skechers USA, Inc. was founded in 1992 by Robert Greenberg, who had previously founded L.A. Gear in 1978. Since its founding, Skechers has become one of the leading lifestyle footwear brands in the world, with more than 3,000 retail stores across the globe.
Where Are Skechers Stores Located?
Answer: Skechers has more than 3,000 retail stores located in the United States, Canada, and more than 170 countries around the world. The company has stores in major cities such as Los Angeles, New York, London, Paris, Rome, Tokyo, and more. Additionally, Skechers products are available in more than 25,000 department and specialty stores worldwide.
What Is the Mission of Skechers?
Answer: The mission of Skechers is to provide “comfort and convenience for everyone” by offering a range of stylish and innovative footwear and apparel. Skechers is dedicated to creating products that are both fashionable and comfortable, while also promoting healthy lifestyles.
What Is the Vision of Skechers?
Answer: Skechers’ vision is to become the leader in the global market by offering a range of fashionable and comfortable footwear and apparel. The company is committed to creating innovative products and designs, while also focusing on promoting healthy lifestyles. Additionally, Skechers is focused on providing exceptional customer service and creating a positive shopping experience for its customers.
Who owns Skechers shoes?
The answer to the question “Who owns Skechers?” is simple: Skechers USA, Inc. is a publicly-traded company that has been making shoes for nearly three decades. With their headquarters based in California, the company has become a leader in the footwear industry and continues to grow in popularity. Their expansive portfolio of footwear, apparel and accessories has cemented Skechers’ place as one of the most popular brands in the world. With quality products, strong customer service and a commitment to innovation, Skechers is the go-to brand for trendsetting shoppers. With Skechers’ future looking brighter than ever, it’s clear that the company is in good hands as they continue to lead the way in the footwear industry.
