For 3G Capital, which has made more than $20 billion on Burger King, Trump’s tariffs presented a rare opportunity to spear a big fish at a discount price.

Footwear giant Skechers has agreed to be acquired by private equity firm 3G Capital for $63 per share, ending its nearly three-decade run as a public company, the retailer announced Monday.

The $9.4 billion in equity value reflects a price of $63 per share when accounting for both Class A and Class B shares. Before the deal was announced, Skechers had a market value