U.S. footwear giant Skechers to be sold under shadow of Trump's tariffs

LOS ANGELES, May 5 (Xinhua) -- Skechers, the third-largest footwear firm by sales in the United States, announced Monday it would be sold in a deal valued at 9.4 billion U.S. dollars, days after the company signed a letter warning the country's footwear industry could be totally damaged by the huge tariffs imposed by the White House. According to a joint statement by Skechers and the private equity firm 3G Capital, the latter would pay 63 U.S. dollars per outstanding share for Skechers in a deal