Who Owns Skechers? Everything You Need to Know

For many years, Skechers shoes have been a popular option for footwear. But who owns Skechers?

Skechers USA, Inc., is the parent company of Skechers shoes and is owned by Robert Greenberg. Skechers’ majority shareholders are Robert Greenberg, his son Michael Greenberg, and his son-in-law David Weinberg.

For those who are curious about the company behind Skechers shoes, this article will provide an in-depth look at the company’s ownership and history.

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Who Owns Skechers?

Skechers is a popular a Manhattan Beach, California-based American footwear company. The brand, which was established in 1992 and now sells more than 3.5 billion pairs of shoes annually, has developed into a leader in the world’s footwear market.

Skechers is owned by a private equity firm, VF Corporation, and its Chairman and CEO, Robert Greenberg.

The story of Skechers begins in 1992, when Robert Greenberg founded the company. Prior to this, Greenberg was the president and chief executive officer of LA Gear, a well-known shoe manufacturer in the late 1980s.

With the help of his son Michael and a small team of employees, Greenberg developed Skechers as a less expensive substitute for LA Gear. Skechers gained traction in the market quickly, and in the middle of the 1990s, the business went public.

With more than 4,000 stores spread across more than 170 nations, Skechers is currently a market leader in the footwear sector. The brand has gained recognition for its stylish, cozy shoes as well as its avant-garde designs.

In 2011, Skechers was acquired by VF Corporation is a clothing company in the United States. Skechers is currently majority owned by VF Corporation, and Robert Greenberg is still the company’s chairman and CEO.

The Man Behind Skechers: Robert Greenberg

Robert Greenberg is the Skechers’ chairman and CEO and major shareholder. He is the inspiration behind the brand’s success and has played a significant role in its development over time.

Greenberg has been in the footwear industry for more than 40 years. He was the CEO and President of LA Gear before starting Skechers.

He oversaw the company’s expansion during his tenure, which included collaborations with some of the biggest names in the field, including Madonna and Michael Jordan.

Greenberg‘s vision for By focusing on style and comfort, Skechers has built a business that is at the forefront of both. He oversaw the creation of the business’s well-liked collections and led the way in terms of innovation for the sector.

What is Skechers’ Parent Company?

One of the biggest clothing companies in the world, VF Corporation, is the parent company of Skechers.

Since its founding in 1899, the business has developed into a global leader in the apparel sector, with operations in more than 170 nations. Vans, The North Face, and Timberland are just a few of the brands that are owned by VF Corporation.

In 2011, VF Corporation acquired Skechers and has since been the majority owner of the company. Skechers has benefited from the support of VF Corporation, which has helped the business grow in the international market.

Additionally, VF Corporation has provided Skechers with the resources and support necessary for the company to continue to innovate and grow.

Related Reading: Is Skechers Owned by Adidas?

The Growth of Skechers Worldwide

When Skechers was founded in 1992, it was a small company with just one store in California.

The business, however, has experienced tremendous growth over the last 28 years and has grown to rank among the biggest shoe manufacturers in the world.

Skechers is a truly global brand at this point with more than 3,000 stores across more than 160 nations.

By emphasizing lifestyle, performance, and comfort footwear, the company has been able to achieve this level of success.

With a wide selection of athletic, casual, dress, sandals, boots, and other footwear, this includes shoes for men, women, and kids.

In addition, Skechers is renowned for its cutting-edge styles, premium materials, and comfortable fits, all of which have contributed to the brand’s global recognition.

Conclusion: Who Owns Skechers

Skechers shoes have come a long way since their inception in 1992.

Skechers has established itself as a household name in the footwear industry thanks to its cutting-edge designs, premium materials, and cozy fit.

Robert Greenberg is still the company’s chairman and CEO and it is owned by the American apparel company VF Corporation.

Greenberg has been in the footwear industry for more than 40 years and was the driving force behind Skechers’ growth.

In order for Skechers to continue to develop and innovate, VF Corporation has been a crucial partner, giving the business the resources and assistance it needs.

FAQs

Is Skechers Private?

Skechers’ values and culture have influenced our accomplishments over time and as a public company today.

Why is Skechers So Famous?

There are many pairs of Skechers that are great for working out in addition to being comfortable for everyday wear.

Who is Skechers Biggest Competitor?

A company called Nike creates, develops, and sells footwear, clothes, equipment, and accessories.