Skechers Investor Pushes for Changes to Boost Footwear Company’s Value
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A top-five investor in Skechers USA Inc. is calling on the footwear company to make changes that it believes could create billions of dollars in value for investors.
Tremblant Capital Group, which owns 5.1% of Skechers, wrote to the company’s board Wednesday urging it to collapse Skechers’ dual-class share structure, start an aggressive share buyback program, pay a dividend and improve its communication with investors, according to a regulatory filing that confirmed a Bloomberg News report.