斯凯奇宣布退市
LearnAndRecord约 11 分钟近日，斯凯奇（SKECHERS）宣布接受私募基金3G资本94亿美元的收购要约，并计划从纽约证券交易所退市，转为私有化公司。
🤔️小作业：
1. What can be inferred about the timing of Skechers' privatization?
A. It was strategically planned to coincide with a stock market peak
B. The trade war and tariff pressures accelerated the decision
C. The company had been planning this move for several years
D. It was primarily motivated by competition from Nike and Under Armour
无注释原文：
Skechers is going private
From: CNN
Skechers is fleeing the public market and hunkering down by going private during the middle of a trade war.
The company announced Monday that investment firm 3G Capital will buy Skechers for $9.4 billion. 3G will pay $63 a share for the brand, a 30% premium of the company’s stock.
“With a proven track-record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital,” Skechers CEO Robert Greenberg said in a statement. Skechers’ stock jumped 25% on the news.
Skechers, based in Southern California with 5,300 US stores, is the third largest shoe company in the world. The company is getting off the public market as President Donald Trump’s tariffs, which include 145% duties on Chinese imports and a 10% minimum tax on all other countries, are slamming the footwear industry. Analysts say the trade war influenced the company’s move to go private.
Heading into Monday, Skechers shares had fallen 26% this year over fears of the impact of tariffs on the company. That made the company an attractive target for 3G Capital, said Neil Saunders, an analyst at GlobalData Retail.
Even with the premium 3G is paying for company’s shares, Skechers still isn’t worth as much as it was at the start of the year.
Other struggling companies may see the writing on the wall and look to escape the public market during this moment of volatility, analysts say.
Sneakers highly exposed to tariffs
Ninety-nine percent of all shoes sold in the United States are manufactured overseas, according to the Footwear Distributors and Retailers of America, an industry group.
Skechers manufactures all the shoes it sells in the United States abroad, with around 40% from China, according to analysts. Skechers’ children’s shoes are mainly made in China. The company last month withdrew its financial guidance due to uncertainty around tariffs.
Skechers, Nike, Under Armour and other sneaker giants urged Trump to exempt the footwear industry from tariffs in a letter last week. The companies warned that the import taxes could wipe out hundreds of businesses, kill tens of thousands of jobs and raise prices for consumers.
“American footwear businesses and families face an existential threat from such substantial cost increases,” the companies said. “This is an emergency that requires immediate action and attention.”
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注：完整题目见本文开头；中文文本为机器翻译并非一一对应，仅供参考
含注释全文：
Skechers is going private
From: CNN
Skechers is fleeing the public market and hunkering down by going private during the middle of a trade war.
在贸易战白热化之际，斯凯奇（Skechers）决定抽身退市，转而采取私有化的方式来降低风险。
flee
flee /fliː/ 表示“（尤指因危险或恐惧而）逃跑”，英文解释为“to escape by running away, especially because of danger or fear”举个🌰：She fled (from) the room in tears. 她哭着跑出房间。
hunker down
hunker /ˈhʌŋ.kər/ down 表示“蹲守；准备长期呆在某处”，英文解释为“to make yourself comfortable in a place or situation, or to prepare to stay in a place or position for a long time, usually in order to achieve something or for protection”举个🌰：The press have hunkered down for the night outside the palace, waiting for news of the royal birth. 媒体在王宫外守候了一夜，等候王室添丁的消息。
The company announced Monday that investment firm 3G Capital will buy Skechers for $9.4 billion. 3G will pay $63 a share for the brand, a 30% premium of the company's stock.
斯凯奇周一宣布，投资公司3G资本（3G Capital）将以94亿美元收购其公司，每股价格为63美元，相较当前股价溢价30%。
premium
premium /ˈpriːmɪəm/ 1）作形容词，表示“高昂的；优质的；高端的”，英文解释为“very high (and higher than usual); of high quality”如：premium prices/products 奇高的价格；优质产品。
2）作名词，表示“奖金，津贴；加价；附加费”，英文解释为“A premium is a sum of money that you have to pay for something in addition to the normal cost.”举个🌰：Even if customers want "solutions," most are not willing to pay a premium for them. 即使顾客们想要“解决方案”，大部分人不愿意为此支付附加费。
“With a proven track-record, Skechers is entering its next chapter in partnership with the global investment firm 3G Capital,” Skechers CEO Robert Greenberg said in a statement. Skechers' stock jumped 25% on the news.
斯凯奇首席执行官罗伯特·格林伯格（Robert Greenberg）在声明中表示：“斯凯奇拥有稳健的历史业绩，正与全球投资公司3G资本携手迈入新篇章。”消息一出，公司股价应声上涨25%。
track-record
track record /ˈtræk ˌrek.ɔːd/ 表示“业绩记录；成绩记录；过去的成绩或成就”，英文解释为“all the past achievements, successes or failures of a person or an organization”举个🌰：He has a proven track record in marketing. 他有可靠的销售业绩记录。
Skechers, based in Southern California with 5,300 US stores, is the third largest shoe company in the world. The company is getting off the public market as President Donald Trump's tariffs, which include 145% duties on Chinese imports and a 10% minimum tax on all other countries, are slamming the footwear industry. Analysts say the trade war influenced the company's move to go private.
斯凯奇总部位于南加州，在美国拥有5300家门店，是全球第三大鞋类企业。在Trump对中国进口商品征收145%关税、对其他国家征收至少10%关税的背景下，鞋类行业受到了严重打击，斯凯奇因此决定退市。分析人士指出，正是这场贸易战促使其走向私有化。
tariff
tariff /ˈtærɪf/ 表示“关税”，英文解释为“A tariff is a tax that a government collects on goods coming into a country.”
duty
duty /ˈdʒuː.ti/ 熟词僻义，表示“税；（尤指进口）关税”，英文解释为“a tax paid to the government, especially on things that you bring into a country”举个🌰：There's a high duty on alcohol. 酒类的关税很高。
slam
slam /slæm/ 1）表示“（使）重重撞上，（使）砰地关上”，英文解释为“to (cause to) move against a hard surface with force and usually a loud noise”举个🌰：The wind made the door/window slam (shut). 风吹过来门/窗户砰地关上了。
2）表示“严厉批评；猛烈抨击”，英文解释为“To slam someone or something means to criticize them very severely.”举个🌰：The famed filmmaker slammed the claims as "an outrageous lie." 该享有盛名的电影制片人猛烈抨击这些说法，称其为“无耻谎言。”
📍类似的，还有condemn，blast，speak out against.
footwear
footwear /ˈfʊt.weər/ 表示“鞋类”，英文解释为“shoes, boots, or any other outer covering for the human foot”举个🌰：You'll need some fairly tough footwear to go hiking in the mountains. 爬山的话要穿上结实的鞋子。
Heading into Monday, Skechers shares had fallen 26% this year over fears of the impact of tariffs on the company. That made the company an attractive target for 3G Capital, said Neil Saunders, an analyst at GlobalData Retail.
在本周一前，因市场担忧关税冲击，斯凯奇股价今年已累计下跌26%。GlobalData Retail分析师尼尔·桑德斯（Neil Saunders）表示，这使得斯凯奇成为3G资本眼中有吸引力的收购目标。
Even with the premium 3G is paying for company's shares, Skechers still isn't worth as much as it was at the start of the year.
即便3G资本开出了溢价报价，斯凯奇当前的市值仍低于年初时的高点。
Other struggling companies may see the writing on the wall and look to escape the public market during this moment of volatility, analysts say.
分析人士指出，面对市场动荡，不少业绩不佳的企业可能会察觉苗头，选择趁机退出资本市场。
the writing on the wall
表示“已出现不祥之兆，已有厄运临头的预兆”，英文解释为“said to mean that there are clear signs that something will fail or no longer exist”
volatility
volatility /ˌvɒl.əˈtɪl.ə.ti/ 表示“挥发性；波动性；（突然）恶化；易变，活泼”，英文解释为“the quality of changing easily into a gas; the quality or state of being likely to change suddenly, especially by becoming worse”
Sneakers highly exposed to tariffs
运动鞋行业深受关税影响
Ninety-nine percent of all shoes sold in the United States are manufactured overseas, according to the Footwear Distributors and Retailers of America, an industry group.
据美国鞋类经销商与零售商协会称，美国市场上销售的鞋子中有99%是在海外生产的。
manufacture
manufacture /ˌmæn.jəˈfæk.tʃər/ 1）表示“（通常指工厂利用机械大量）制造，（批量）生产”，英文解释为“to produce goods in large numbers, usually in a factory using machines”举个🌰：He works for a company that manufactures car parts. 他在一家生产汽车部件的公司工作。
2）表示“捏造；编造；虚构”，英文解释为“to invent something, such as an excuse or story, in order to deceive someone”举个🌰：She insisted that every scandalous detail of the story had been manufactured. 她坚持认为报道中每一个骇人听闻的细节都是捏造出来的。
Skechers manufactures all the shoes it sells in the United States abroad, with around 40% from China, according to analysts. Skechers' children's shoes are mainly made in China. The company last month withdrew its financial guidance due to uncertainty around tariffs.
分析人士指出，斯凯奇在美国销售的所有鞋子均为海外制造，其中约40%产自中国。其童鞋主要在中国制造。由于关税政策存在不确定性，该公司上月下调财务预期。
Skechers, Nike, Under Armour and other sneaker giants urged Trump to exempt the footwear industry from tariffs in a letter last week. The companies warned that the import taxes could wipe out hundreds of businesses, kill tens of thousands of jobs and raise prices for consumers.
斯凯奇、耐克（Nike）、安德玛（Under Armour）等运动鞋巨头上周联名致信Trump，敦促将鞋类产品从关税政策中豁免，信中警告称，进口税可能会让数百家企业倒闭，数万人失业，消费者支出也将上升。
sneaker
sneaker /ˈsniːkə/ 表示“运动鞋”，英文解释为“a type of light, comfortable shoe that is suitable for playing sports”，美式sneaker，英式为trainer，举个🌰：He wore old jeans and a pair of sneakers. 他穿一条旧牛仔裤，脚蹬运动鞋。
exempt
exempt /ɪɡˈzempt/ 表示“免除，豁免（责任、付款等）”，英文解释为“to excuse someone or something from a duty, payment, etc.”举个🌰：Small businesses have been exempted from the tax increase. 小公司可免于增税。
📍exempt也可以作形容词，表示“被免除（义务）的，获豁免的”，英文解释为“not affected by something, or not having to do it or pay it”举个🌰：Men in college were exempt from military service. 在校男大学生免服兵役。
wipe out
表示“摧毁；使灭绝”，英文解释为“To wipe out something such as a place or a group of people or animals means to destroy them completely.”举个🌰：Experts say if the island is not protected, the spill could wipe out the gulf's turtle population. 专家们说如果那座小岛得不到保护，此次泄露有可能使该海湾地区的海龟灭绝。
“American footwear businesses and families face an existential threat from such substantial cost increases,” the companies said. “This is an emergency that requires immediate action and attention.”
这些公司表示：“美国的鞋类企业和家庭正面临因成本剧增而引发的生存危机。这是一个需要立即采取行动和关注的紧急问题。”
substantial
substantial /səbˈstæn.ʃəl/ 1）表示“大的；可观的；价值巨大的；重大的”，英文解释为“large in size, value, or importance”举个🌰：The findings show a substantial difference between the opinions of men and women. 这些发现表明男性和女性之间存在着重大的意见分歧。
2）表示“基本上的；大体上的”，英文解释为“relating to the main or most important things being considered”举个🌰：The committee was in substantial agreement (= agreed about most of the things discussed). 委员会基本上达成了一致意见。
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