Frequently Asked Questions
Who owns skechers?
Skechers is primarily owned by institutional investors, holding around 58% of the company's shares. These include major players like FMR (Fidelity) with 14.6%, The Vanguard Group with 8.9%, and BlackRock with 8.5%.
However, the Greenberg family, founders and executives of Skechers, still hold a significant influence. Robert Greenberg, CEO and founder, owns 8.3%, and Michael Greenberg, President and co-founder, owns 5.7%. They play a crucial role in the company's direction and strategic decisions.
Where are skechers Shoes made?
Skechers shoes are not made in the United States. Instead, they are manufactured in independent factories located overseas, primarily in China and Vietnam.
While the exact locations of these factories are not publicly disclosed, it is estimated that there are over 30 facilities involved in Skechers production. This outsourcing allows Skechers to benefit from lower production costs and meet the high demand for their shoes globally.
It's important to note that Skechers has been criticized for its reliance on overseas manufacturing, with some consumers expressing concerns about labor practices and environmental impact. However, the company maintains that it adheres to strict ethical and environmental standards in its supply chain.