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Which sucker bank was convinced to loan Sketchers money to 'buy itself' (take on debt to pay their VC the privilege to buy them). Bet you most of their shoes are made over seas and subject to tariff, which means lower sales, lower profits.
so, in ten years people will be asking, “ whatever happened to Sketchers”. our parasite overlords strike again. it’s a funny coincidence that every financial district in the country has the nicest and tallest light poles.
Taking it private to be free of any fiduciary duties to shareholders.
This company will be dismantled and sold off for parts.
Any products they make will be cut rate versions of the things they make now.
Venture Capital - the grift that keeps taking
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This company will be dismantled and sold off for parts.
Any products they make will be cut rate versions of the things they make now.
Venture Capital - the grift that keeps taking
#boring